Donald Trump’s tariffs are causing price hikes at major online retailers such as Temu and Shein. Starting next week, these platforms will adjust their pricing models due to increased tariffs on Chinese goods. The US has imposed tariffs of up to 245%, including a new 145% tax on all Chinese goods. This decision follows the end of the ‘de minimis’ exemption, which previously allowed duty-free imports for shipments valued under $800. Retailers now face 90% tariffs, leading to significant cost increases. While it remains uncertain how much prices will rise, both companies have announced adjustments to their pricing strategies. Analysts warn that prolonged tariffs could further reduce retail spending and negatively affect the US economy.
— new from Ars Technica
