Tag #Temu

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europe.chinadaily.com.cn

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May 15, 07:13

US Reduces Tariffs on Chinese Packages, Boosting Shein and Temu

The US reduced tariffs on small packages from China, lowering them from 120 percent to 54 percent, benefiting online retailers like Shein and Temu and potentially de-escalating trade tensions between the two countries.

US Reduces Tariffs on Chinese Packages, Boosting Shein and Temu

The US reduced tariffs on small packages from China, lowering them from 120 percent to 54 percent, benefiting online retailers like Shein and Temu and potentially de-escalating trade tensions between the two countries.

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How does the de minimis exemption and its recent history affect US-China trade relations?

This tariff reduction follows a 90-day pause on higher tariffs between the US and China, signaling de-escalation of trade tensions. The move is significant because it allows Shein and Temu to import more goods, potentially boosting their US market share and inventory. The de minimis exemption, allowing low-value parcels to enter duty-free, is a key factor, with over 60 percent of packages entering the US under this exemption originating from China.

theglobeandmail.com

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May 13, 16:11

US Cuts De Minimis Tariff on Chinese Goods

The White House reduced the de minimis tariff on low-value goods from China to 54 percent, from 120 percent, effective May 14, 2025, impacting major e-commerce companies like Shein and Temu, following a broader trade deal between the U.S. and China to de-escalate trade tensions.

US Cuts De Minimis Tariff on Chinese Goods

The White House reduced the de minimis tariff on low-value goods from China to 54 percent, from 120 percent, effective May 14, 2025, impacting major e-commerce companies like Shein and Temu, following a broader trade deal between the U.S. and China to de-escalate trade tensions.

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How did the previous de minimis exemption affect the volume of goods imported from China, and what concerns prompted its modification?

This tariff reduction is a significant step in easing trade tensions between the U.S. and China, stemming from earlier trade wars and the previous elimination of the de minimis exemption. The move directly benefits major Chinese e-commerce firms like Shein and Temu, who heavily relied on the previous duty-free status. This impacts global trade patterns as the U.S. and China work towards a more stable economic relationship.

npr.org

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May 2, 13:18

US Ends Tariff Loophole on Chinese Goods, Increasing Prices for Consumers

Starting May 2nd, the U.S. ended a tariff exemption on low-value packages from China, leading to higher import duties and prices on goods from online retailers like Shein and Temu, impacting millions of consumers and aiming to counter fentanyl trafficking.

US Ends Tariff Loophole on Chinese Goods, Increasing Prices for Consumers

Starting May 2nd, the U.S. ended a tariff exemption on low-value packages from China, leading to higher import duties and prices on goods from online retailers like Shein and Temu, impacting millions of consumers and aiming to counter fentanyl trafficking.

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What are the immediate impacts on American consumers due to the end of the de minimis exemption for low-value packages from China?

The U.S. government has ended a legal loophole that exempted tariffs on low-value packages from China, resulting in increased import duties for American shoppers starting May 2nd. This affects online retailers like Shein and Temu, leading to significantly higher prices for consumers. One shopper saw the cost of two dog harnesses jump from \$33 to over \$80 due to added import charges.

cnn.com

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May 1, 13:15

US Tariffs on Chinese Goods Hike Prices on Temu and Shein, Hitting Low-Income Consumers

President Trump's tariffs on Chinese imports, along with the expiring de minimis exemption, have caused Temu and Shein to raise prices significantly, impacting low-income American consumers who relied on these platforms for affordable goods; a cabinet that cost $56 now costs over $80.

US Tariffs on Chinese Goods Hike Prices on Temu and Shein, Hitting Low-Income Consumers

President Trump's tariffs on Chinese imports, along with the expiring de minimis exemption, have caused Temu and Shein to raise prices significantly, impacting low-income American consumers who relied on these platforms for affordable goods; a cabinet that cost $56 now costs over $80.

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What is the immediate impact of the new tariffs on American consumers who shop on Temu and Shein?

The recent price increases on Temu and Shein, ranging from lawn chairs to swimsuits, are a direct consequence of new tariffs imposed by the Trump administration. This directly impacts low-income consumers like Rena Scott, who relied on these platforms for affordable goods and now find them unaffordable. The price of a cabinet she purchased increased from $56 to over $80, illustrating the impact on household budgets.

dailymail.co.uk

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Apr 29, 07:14

Trump Tariffs Slam Temu and Shein, Soaring Prices Hit American Consumers

President Trump's 145 percent tariff on Chinese imports and elimination of the $800 de minimis exemption have caused price increases of 137-150 percent for goods sold by Temu and Shein, impacting millions of American consumers and potentially reshaping the US retail market.

Trump Tariffs Slam Temu and Shein, Soaring Prices Hit American Consumers

President Trump's 145 percent tariff on Chinese imports and elimination of the $800 de minimis exemption have caused price increases of 137-150 percent for goods sold by Temu and Shein, impacting millions of American consumers and potentially reshaping the US retail market.

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What are the immediate consequences of the recent trade policy changes on the pricing and market position of Temu and Shein in the United States?

The elimination of the de minimis exemption and the implementation of a 145 percent tariff on Chinese imports have caused significant price increases for goods sold by Temu and Shein, ranging from 137 percent to 150 percent. This has resulted in immediate and substantial cost increases for American consumers, as evidenced by specific examples provided in the article, such as a dress increasing from $18.47 to $44.68.

theglobeandmail.com

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Apr 18, 04:09

Temu and Shein to Raise US Prices Due to Trump Tariffs

Temu and Shein, Chinese e-commerce sites, will raise US prices starting April 25th due to increased operating expenses resulting from President Trump's 145% tariff on Chinese goods and elimination of a duty-free exemption for goods under \$800, impacting millions of daily low-value packages.

Temu and Shein to Raise US Prices Due to Trump Tariffs

Temu and Shein, Chinese e-commerce sites, will raise US prices starting April 25th due to increased operating expenses resulting from President Trump's 145% tariff on Chinese goods and elimination of a duty-free exemption for goods under \$800, impacting millions of daily low-value packages.

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What is the immediate impact of the increased tariffs and the removal of the duty-free exemption on Temu and Shein's pricing strategies for US consumers?

Temu and Shein, two e-commerce sites founded in China, announced price increases for US customers starting April 25th, citing increased operating expenses due to new global trade rules and tariffs. This follows President Trump's 145% tariff on goods from China and the elimination of a duty-free exemption for goods under \$800, impacting their business models significantly.

us.cnn.com

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May 14, 13:14

US Cuts Tariffs on Chinese Imports, but Higher Prices Remain for Consumers

The US reduced tariffs on small packages from China, lowering rates from 120% to 54% for postal services and 145% to 30% for commercial carriers; however, the changes still leave many consumers facing higher prices and longer wait times for goods from e-commerce platforms such as Shein and Temu, wit...

US Cuts Tariffs on Chinese Imports, but Higher Prices Remain for Consumers

The US reduced tariffs on small packages from China, lowering rates from 120% to 54% for postal services and 145% to 30% for commercial carriers; however, the changes still leave many consumers facing higher prices and longer wait times for goods from e-commerce platforms such as Shein and Temu, wit...

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What is the immediate impact of the reduced, but still substantial, tariffs on "de minimis" packages from China on US consumers?

US tariffs on "de minimis" packages (valued at $800 or less) from China have been reduced from 120% to 54% for postal services and from 145% to 30% for commercial carriers. This follows a previous increase and subsequent expiration of the tariff exemption, causing price increases and delivery delays for consumers who rely on affordable goods from Chinese e-commerce sites like Shein and Temu. The changes aim to balance trade relations with China while addressing concerns about illicit goods.

dw.com

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May 12, 16:10

Trump's Tariffs Shift Temu and Shein's Focus to Europe, Raising Concerns

US President Trump's new tariffs on Chinese imports are impacting the business models of Temu and Shein, causing them to shift focus to Europe, where a higher de minimis threshold allows for continued low-cost sales; however, this creates significant challenges for European businesses and raises con...

Trump's Tariffs Shift Temu and Shein's Focus to Europe, Raising Concerns

US President Trump's new tariffs on Chinese imports are impacting the business models of Temu and Shein, causing them to shift focus to Europe, where a higher de minimis threshold allows for continued low-cost sales; however, this creates significant challenges for European businesses and raises con...

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How does the EU's de minimis rule impact the competitiveness of European businesses against the influx of low-cost goods from Temu and Shein?

The shift in focus to Europe by Temu and Shein is driven by the significantly lower import threshold of €150 in the EU compared to the US. In 2024, nearly 4.6 billion low-value parcels flooded the European market, more than double the 2023 figure and triple that of 2022, with 91% originating from China. This influx undermines European businesses facing higher labor, logistical and regulatory costs.

edition.cnn.com

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May 1, 16:13

US Tariffs on Chinese Goods Hike Prices on Temu and Shein, Hitting Low-Income Consumers

Increased tariffs and the expiration of a duty-free exemption on Chinese imports are causing price hikes on Temu and Shein, disproportionately impacting lower-income Americans who relied on these platforms for affordable goods, forcing them to cut back on spending.

US Tariffs on Chinese Goods Hike Prices on Temu and Shein, Hitting Low-Income Consumers

Increased tariffs and the expiration of a duty-free exemption on Chinese imports are causing price hikes on Temu and Shein, disproportionately impacting lower-income Americans who relied on these platforms for affordable goods, forcing them to cut back on spending.

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How did President Trump's trade policies contribute to the current price increases on these Chinese e-commerce sites?

The increased costs on Temu and Shein are a direct consequence of President Trump's tariffs on Chinese imports and the expiration of the "de minimis" exemption. This policy shift disproportionately affects lower-income households, who spent a larger percentage of their income on apparel from these sites than wealthier households. The 48% of de minimis packages shipped to the poorest zip codes versus 22% to the richest underscores this disparity.

news.sky.com

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May 1, 07:16

US to Eliminate De Minimis Rule, Raising Import Costs

The United States plans to eliminate its de minimis rule, ending the exemption of cheap imports under \$800 from customs duties, potentially causing higher consumer prices and impacting retailers like Shein and Temu, with a 145% tariff increase on previously exempt goods.

US to Eliminate De Minimis Rule, Raising Import Costs

The United States plans to eliminate its de minimis rule, ending the exemption of cheap imports under \$800 from customs duties, potentially causing higher consumer prices and impacting retailers like Shein and Temu, with a 145% tariff increase on previously exempt goods.

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What are the immediate economic consequences of the US eliminating the de minimis import rule?

The US plans to eliminate its "de minimis" rule, ending the exemption of cheap imports from customs duties. This will lead to significantly higher prices for consumers, particularly for goods from China, impacting online retailers like Shein and Temu. The rule change is expected to cause immediate price increases and potential supply disruptions.

cnnespanol.cnn.com

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Apr 25, 22:15

Temu and Shein Raise Prices Ahead of Tariff Increase

Temu and Shein raised prices on many products before a 120% tariff on goods under $800 from China takes effect next week, impacting lower-income consumers who rely on cheaper imports and the soon-to-expire tariff exemption.

Temu and Shein Raise Prices Ahead of Tariff Increase

Temu and Shein raised prices on many products before a 120% tariff on goods under $800 from China takes effect next week, impacting lower-income consumers who rely on cheaper imports and the soon-to-expire tariff exemption.

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How do the price increases by Temu and Shein disproportionately affect lower-income households?

The price increases are a direct response to the upcoming expiration of the "de minimis" exemption on May 2nd, which allowed many consumers to avoid tariffs on goods from China. This change disproportionately affects lower-income households who spend a larger portion of their income on clothing and rely more heavily on these exemptions.

lefigaro.fr

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Feb 27, 22:08

La Poste's 2024 Results: E-commerce Growth and Profitability Challenges

In 2024, La Poste reported a €1.4 billion net profit despite a €98 million drop in Geopost's operating income due to low-margin e-commerce deliveries from platforms like Shein and Temu (22% of French parcel volume), offset by a 7% increase in life insurance sales at La Banque Postale. Overall revenu...

La Poste's 2024 Results: E-commerce Growth and Profitability Challenges

In 2024, La Poste reported a €1.4 billion net profit despite a €98 million drop in Geopost's operating income due to low-margin e-commerce deliveries from platforms like Shein and Temu (22% of French parcel volume), offset by a 7% increase in life insurance sales at La Banque Postale. Overall revenu...

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What factors contributed to the decrease in operating income at Geopost, despite increased overall revenue?

The rise of Chinese e-commerce platforms Shein and Temu has significantly impacted La Poste's profitability. While these platforms contribute 22% of Geopost's parcel volume in France, the low profit margins associated with their small package deliveries and the shift towards lower-margin delivery points (relay points) have negatively affected the overall financial performance of the division. This contrasts with growth in La Banque Postale's life insurance, which offset some of the losses.

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