Retailers Shein and Temu are expected to increase prices following the end of the de minimis tariff loophole under former President Donald Trump’s policies. This change has led Temu to add import charges of approximately 145%, significantly raising the cost of many items. Amazon sellers are also responding to the tariffs by hiking prices on numerous goods. The de minimis tariff loophole allowed for duty-free imports of low-value goods, and its closure is prompting these price adjustments as businesses pass on increased costs to consumers.
— new from The New York Times