Shein and Temu Raise Prices Due to Tariffs
April 17, 2025
Chinese platforms Shein and Temu will increase their product prices in the US starting April 25 due to higher tariffs imposed by Donald Trump. Changes in international trade rules and new tariffs are affecting the popularity of these companies, as Temu and Shein are losing positions among the most popular apps. In addition to raising prices, both companies have cut their advertising spending. While the US faces challenges, European markets show signs of recovery.