Prices have surged as the costs of the Trump’s tariffs are passed along to consumers.
Chinese fast-fashion giant Shein hiked its prices for American customers by up to 377 percent in order to offset the costs of Donald Trump’s tariff war.
In what looks to be an early indication of how the Trump administration’s escalating tariffs will impact consumers, data Bloomberg compiled shows astronomical markups on the retailer’s most popular items, which took effect on Friday night.
The average price for Shein’s top 100 beauty and health products surged by 51% overnight, with many items more than doubling in cost. Home and kitchen goods rose by an average of 30%, while women’s clothing increased by a more modest 8%.
This is just pricing in the cost of tariffs for the consumer. Rather than pay a fee at customs and be surprised that your $40 order is actually $120 after tariffs and fees a week after you placed it, they estimate it and try to pay it for you. This is because the items come directly from China, cutting out the need for a ~~leech~~ middleman to warehouse it and take profit off the top.
Similar price hikes are coming for the things you buy. Or even larger ones. This is not limited to Shein at all. There eill just be a delay while the warehouses sell out all of their inventory.