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%.
Shein and Temu and other cheap chinese mail order goods companies only existed due to then loophole in previous tariffs for small sales. I imagine they will try to clear out stock and then call it quits soon.
I think we overestimate how much of their sales are actually to Americans. Sure, they'll lose 20 or 30% of their market. But they're still shipping everywhere else.
That's fair