China-founded e-commerce sites Temu and Shein said they plan to raise prices for American customers starting next week, a consequence of US President Donald Trump's sky-high tariffs on goods shipped from China.
Temu, which is owned by the Chinese e-commerce company PDD Holdings, and Shein, which is now based in Singapore, said in separate but nearly identical notices that their operating expenses have gone up “due to recent changes in global trade rules and tariffs”.
