FAST-FASHION firms temu and Shein will charge higher prices ahead of newly imposed US tariffs as their duty-free life ends and see how it goes, reports Caixin.
The companies, operated by PDD Holdings, have notified US shoppers of impending price rises. While neither company has disclosed the scale of the increases, the announcement comes before the official May 2 cancellation of the duty-free de minimis treatment for small parcels.
The exemption previously allowed packages valued at under US$800 to enter the US duty-free, forming a cornerstone of the ultra-low-price models adopted by many Chinese e-commerce operators that ship directly to American consumers.
As part of Trump's sweeping tariff policies, small parcel shipments from the Chinese mainland and Hong Kong face tariffs as high as 120 per cent or a flat fee of $100 to $200 per package from May 2, after several hikes in response to Beijing's retaliations. The tariffs will be further increased from June 1.
SeaNews Turkey
The companies, operated by PDD Holdings, have notified US shoppers of impending price rises. While neither company has disclosed the scale of the increases, the announcement comes before the official May 2 cancellation of the duty-free de minimis treatment for small parcels.
The exemption previously allowed packages valued at under US$800 to enter the US duty-free, forming a cornerstone of the ultra-low-price models adopted by many Chinese e-commerce operators that ship directly to American consumers.
As part of Trump's sweeping tariff policies, small parcel shipments from the Chinese mainland and Hong Kong face tariffs as high as 120 per cent or a flat fee of $100 to $200 per package from May 2, after several hikes in response to Beijing's retaliations. The tariffs will be further increased from June 1.
SeaNews Turkey
