PDD, one of the largest e-commerce companies in China, launched Temu as its cross-border marketplace in 2022. It undercut many big retailers by allowing Chinese merchants to directly sell their goods to overseas buyers.
Shein and Temu, major online retailers known for their wildly low prices, said they would raise prices for some products Friday after President Donald Trump imposed hefty tariffs on China, though it's unclear which products will get more expensive, or by how much.
The relentless bull run led by high-flying growth stocks is no longer here, and 2025 has brought a significant shift in the market landscape, with the S&P 500 now in correction territory.
Last week, popular eCommerce retailers Shein and Temu announced plans for tariff-related price hikes. So far, it's not clear if these increases — scheduled to go into effect April 25 — have caused the companies' traffic to spike, Ars Technica reported Friday (April 18).
Temu and Shein are planning to raise their ultra-low prices for U.S. consumers as Trump's executive order ending the "de minimus" tariff loophole is set to take effect.
Temu and Shein plan to raise prices for U.S. customers starting next week on April 25th, due to President Donald Trump's tariffs on goods shipped from China, the Associated Press reports.
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