Temu adds ‘import charges’ to Trump rates

Temu adds ‘import levies’ of about 145% in response to President Donald Trump’s rates on goods sent from China, CNBC reports.

The fees cost more than the products that US consumers buy, and in some cases it is more than doubling the price of a standard order. For example, CNBC found that a summer dress sold at Temu for $ 18.47 will cost $ 44.68 to $ 26.21 in import levies.

Shein has also risen prices, but it is not an import levy, it seems.

The moves come a few weeks after Temu and Shein warned that they will raise prices for US customers from April 25 in response to rates.

The 145% tariff on products made in China, together with Trump’s decision to end a customs release that allowed goods under $ 800 to enter the US duty -free, disrupted the business models of both platforms.

(Tagstotranslate) Shein

+++++++++++++++++++
TechNewsUpdates
beewire.org

Leave a Comment