Companies claimed that they would be making “price adjustments” from April 25, although none have provided details about the size of the increases
The e-commerce sites founded in the China Temu and Shein They said they plan to increase prices for US customers from next week, in a ripple effect of the president’s attempts USA, Donald Trump, To correct the commercial imbalance between the two largest economies in the world, imposing a very high rate on Chinese products. Temu, which is owned by the Chinese company PDD Holdings, and Shein, which is now based in Singapore, have said in separate but almost identical warnings that their operating expenses have increased “due to recent changes in global trade rules and rates.” Both claimed that they would be making “price adjustments” from April 25, although none have provided details about the size of the increases. It was unclear why the two rivals published almost identical statements on their shopping sites.
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Posted by Sarah Paula
Source: Jovempan
I have been working as a journalist for over 10 years. In that time, I have covered the news from all corners of the world, and written about everything from politics to business.I’m now a full-time author, and my work can be found at Global happenings. My aim is to bring you up-to-date news and views on global affairs, in a format that is easy to read and understand.
