Shein and Temu shoppers in the US, we have some bad news for you: yesterday’s price will not be today’s price beginning next week when the two Chinese-based companies raise their prices.
Spotted on The Verge, the two “ultra-cheap” retailers sent a letter to customers warning them of price adjustments due to Donald Trump’s abuse of tariffs.
Orange Mussolini has been on a roll when it comes to making our lives miserable, wrecking the global economy, while sending the US stock market into a free fall when he walked out into the White House rose garden and announced a bunch of “reciprocal” tariffs on what he called “liberation day.”
While he has since paused most of the tariffs, he raised tariffs on goods imported from China to 145 percent, with his brain-dead administration claiming that tariffs on other imports, such as electric vehicles, could hit 245 percent when added to existing tariffs.
To make matters worse for both companies, the US announced it would be eliminating the de minimis exception, which allowed goods valued under $800 to avoid tariffs. As you would expect, Shein and Temu both benefited from the exception for years.
After May 2, you can expect prices to increase on the affordable toys, clothing, and home goods that companies sell.
“Until April 25, prices will stay the same, so you can shop now at today’s rates,” Shein and Temu said to shoppers on their websites. “We’re doing everything we can to keep prices low and minimize the impact on you.”
Bruh, Donald Trump can kick rocks.