💨 Abstract

Online retailers Temu and Shein are implementing price increases in response to President Trump's tariffs on goods shipped from China. Temu is adding "import charges" of around 145%, significantly increasing the cost of items. For instance, a summer dress originally priced at $18.47 on Temu now costs $44.68 after import charges. Shein has also increased prices, but not implemented an import charge.

Courtesy: techcrunch.com

Summarized by Einstein Beta 🤖