Shein hikes US prices as much as 377% ahead of tariff increases
Fash-Fashion Giant Shein Group Ltd. raised its prices for its US products from dresses to small parcels with an early mark for American consumers.
Most of the US prices have come on Friday, and in some categories are significantly higher than others according to Bloomberg News. The average price of the best 100 products in the beauty and health category increased by 51% on Thursday, and more than a few points more than a price doubling. The average jump for home and kitchen goods and toys was more than 30%, which leads to a 10-piece price of kitchen towels by 377%. The increase in women’s clothes was 8%.
Electronic trade platforms, such as a constraint and Temu, are ahead of 120% of their products, according to the US government’s decision to end the end of the small continental Chinese and Hong Kong packages. In recent years, exporters have been equipped with the exception, which allowed goods to enter the US without tariffs or customs duties. Washington will also increase every postal payment of each post on the entry of even higher products from May 2 to $ 100 after June 1.
As for April 21, Trump said in a social media record that “there is actually No Inflation“Due to the fall of energy and grocery products.
Still in February soLook for a T-ShirtFrom Trump’s tariff policy, Shane offered stimuli to its Chinese suppliers to establish production capabilities in Vietnam. Temu wanted Chinese factoriesDeliver their own items for the most partDirect American warehouses, accepting what is called a “half-naked” framework.
March and early April sales returns sales recovery, as American buyers stored everything from make-up brushes before tariff prices raisedshowThe two companies announced this month earlier that they would raise prices in the United States.
In total, prices from April 24 to 26 in the United States increased by about 10%, based on the basket of samples filled by Bloomberg News with 50 points. 7 of the 50 sampled items have been deleted in the United States. In contrast, Sharey prices in the UK remained mostly unchanged, and no object was erased.
30 of the 43 items available in the US Cart have had more than 10% in two days.
Although there was more wider price adjustments on Friday, some products have already risen. The prices of dozens of best products in the category of women’s clothing were increased in the category of the best 100 products, which amount to $ 9.06, more than 4%.
This story was originally shown Fortune.com
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