Source: Bloomberg
“Fast-fashion giant Shein Group Ltd. 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. Most of the hikes in US prices came on Friday, with markups significantly higher in some categories than others, according to data compiled by Bloomberg News. The average price for the top 100 products in the beauty and health category increased by 51% from Thursday, with several of the items more than doubling in price …. led by a massive 377% increase in the price of a 10-piece set of kitchen towels. For women’s clothing the rise was 8%. E-commerce shopping platforms like Shein and Temu face a 120% tariff on many of their products due to the US government’s decision to end the ‘de minimis’ exemption for small packages from mainland China and Hong Kong.” 904/27/25)