The Fast Fashion Giant Shein Group Ltd. She raised the prices for her products from dresses to utensils on the eve of the inevitable tariffs on small parcels, early on the basis of the potential influence of the trade war on US consumers.
Most hikes in the US priced on Friday, and some categories are much higher than others, according to Bloomberg News. The average price for the top 100 products in the beauty and health category has increased by 51% compared to Thursday, with several items more than twice in price. For home and kitchen products and toys, the medium jump was more than 30%, heading a massive increase by 377% of the cost of 10 kitchen towels. For women’s clothing, growth was 8%.
E-commerce platforms such as Shane and the topic face the tariff by 120% for many of its products because of the US government’s decision to stop release from “de minimis” for small packets from mainland China and Hong Kong. In recent years, exporters have taken advantage of the release that allowed goods estimated at less than $ 800, to enter the US without tariffs and customs duties. Washington will also increase the post-element fee on the goods coming after May 2 to $ 100 and even above June 1.
Recently on April 21, Trump said in a report on social media that “practically there is No inflation“From the -drop in energy and grocery prices. But Shane’s price increase reflects the latest efforts of Chinese online shops to transfer at least some additional import costs to US consumers.
Still in February tolook for the coverFrom Trump’s tariff policy, Shane suggested incentives to some of his Chinese suppliers create production facilities in Vietnam. Theme wanted Chinese factoriesSend your own products wholesaleDirectly on the American warehouses, accepting what he called “half-swollen” basis.
Temu and Shein saw sales recovery in March and early April, when American buyers have accumulated everything: from makeup brushes to home appliances before the tariff price increased, Bloomberg data, Bloomberg datashow. Both companies announced earlier this month, which will raise prices in the US.
In general, prices rose by about 10% for Shane in the US from 24 to 26 April based on a basket filled with Bloomberg News from 50 subjects from different categories. In the US, 7 out of 50 products were postponed. Unlike this, Shane’s prices in the UK remained mostly unchanged, and no subjects were delayed.
Of the 43 items that are still available in the American basket, in two days in the basket 30 had a price increase of more than 10%.
While the wider price adjustments came on Friday, some goods have already become more expensive. Prices for dozens of best products in the category of women’s clothing on Shein increased on April 22, pushing the average price for the best products in the category up to $ 9.06, with $ 8.68, increasing by more than 4%.
Originally this story was presented on Fortune.com
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2025-04-27 15:17:00
Bloomberg
