Temu is including “import fees” of round 145% in response to President Donald Trump’s tariffs on items shipped from China, CNBC experiences.
The charges price greater than the merchandise that U.S. shoppers are shopping for, and in some circumstances are greater than doubling the value of a typical order. For instance, CNBC discovered {that a} summer time costume offered on Temu for $18.47 will price $44.68 after $26.21 in import fees.
Shein has additionally hiked costs however isn’t implementing an import cost, it seems.
The strikes come just a few weeks after Temu and Shein warned that they have been going to boost costs for U.S. prospects beginning April 25 in response to the tariffs.
The 145% tariff on merchandise made in China, together with Trump’s choice to finish a customs exemption that had allowed items below $800 to enter the U.S. duty-free, has disrupted the enterprise fashions of each platforms.
