Shein and Temu to Raise Prices in Response to Tariffs

Shein and Temu announced this week that they will raise prices, as the reality of the Trump administration’s efforts to restrict Chinese imports sank in.

“Due to recent changes in global trade rules and tariffs, our operating expenses have gone up. … We’re doing everything we can to keep prices low and minimize the impact on you,” both companies said in nearly identical statements posted to their websites.

The price hikes, which will roll out starting April 25, anticipate the Trump…