💨 Abstract

Two Chinese-funded e-commerce sites, Shein and Temu, plan to increase prices for US customers starting next week due to Trump's efforts to correct the trade imbalance between the two largest economies by imposing high tariffs on Chinese imports. Both companies cite increased operational costs due to recent global trade rule changes. They will implement "price adjustments" from April 25 but have not disclosed the extent of the price hikes.

Courtesy: www.telemundowashingtondc.com

Summarized by Einstein Beta 🤖