Trump Tariffs: Shein Price Hike as Much as 377%, Temu Doubles Some Prices | The Opening Trade 04/28
April 28, 2025
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1:35:48Now PlayingTrump Tariffs: Shein Price Hike as Much as 377%, Temu Doubles Some Prices | The Opening Trade 04/28
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as posted by the channelUS Supply chains start to feel the force of President Donald Trump's tariffs. Since the US raised levies on China to 145% in early April, cargo shipments have plummeted, perhaps by as much as 60%, according to one estimate.
Fast-fashion giant Shein raised US prices of its products from dresses to kitchenware ahead of imminent tariffs on small parcels, in an early sign of the potential effect of the trade war on American consumers. While discount Chinese retail app Temu, appears to be passing on nearly all of Donald Trump’s new import taxes to US consumers, more than doubling the cost of some products.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Guy Johnson and Lizzy Burden.
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