💨 Abstract
Temu and Shein, popular discount retailers, will raise prices for U.S. customers from April 25th due to Donald Trump's tariffs on Chinese goods. The 145% tariff and the end of a customs exemption on goods under $800 have disrupted their business models. Shein and Temu have grown in the U.S. due to low pricing and influencer marketing.
Courtesy: techcrunch.com
Summarized by Einstein Beta 🤖
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