Internet and TEMU Internet retailers record a double-digit sale of sale a week after retail prices have increased due to rising duties in the United States.
After increasing retail prices caused by new US tariffs, Chinese temu and Shein Market players have experienced a significant collapse in sales in the American market. Bloomberg reported this on Wednesday, May 7.
During the period from April 25 to May 1, when the changes in prices have already entered strength, shein sale has fallen 23%While Temu – on 17% Compared to last week’s indicators.
This sharp decrease has been the reaction of American consumers to the tax benefit cancellation de minimisCompanies used for duty -Free supply of small parcels from China.
Donald Trump, who returns to the policy of difficult protectionism, has also increased fees for imports from China to 145%, which has contributed to the increase in cost of products and consumer confidence to the lowest level in the last five years.
Among the biggest increases of prices – goods from the category of beauty and health in Shein: on average, double; Toys and board games – by 60%, home appliances – by 40%, women’s clothing – by 10%.
Temu and Shein strongly depend on the Chinese supply chain. Companies have raised prices from April 25, when their operating costs have increased dramatically due to new roles.
The TEMU has almost moved Trump’s new roles to American consumers against the goods provided directly from China – the prices of some of them are almost double.
Now TEMU is also reorient: the company plans to proceed with the local implementation model of orders, focusing on sales of goods that are in the United States warehouses to avoid duties.
Amazon, Walmart and Target pricing policy has not changed, but the growing pressure of suppliers from China has created additional uncertainty about future costs for consumers.
Remember, China suggested that the EU unite against Trump. The total relationship with China’s trade and the EU forms more than one third of the world’s general trade.
But eventually, Beijing called Trump to cancel the duties and “right mistakes.”
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.