Shein and Temu, two prominent fast-fashion brands, are set to increase prices following changes in U.S. tariff policies under former President Donald Trump. These adjustments aim to close loopholes that previously allowed for cheaper imports. The move is expected to impact American consumers significantly, as these brands have become popular for their affordable offerings. Industry experts suggest that the price hikes could alter shopping habits and potentially reduce sales volumes. The broader implications of these tariffs extend beyond fashion, affecting other sectors reliant on Chinese imports. Companies are exploring various strategies to mitigate the financial burden, including sourcing from alternative markets and optimizing supply chains. — new from Axios