MatchPoint Times

Home

Shein hikes US prices as much as 377% ahead of tariff increases

Cover Image for Shein hikes US prices as much as 377% ahead of tariff increases

The move is an early sign of the potential effect of the trade war on American consumers.

NEW YORK: 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 mark-ups 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.

Tags:Chinaconsumerse-commerceEconomyfashionpriceShein Group LtdtariffstradeUS


North Korea confirms troop deployment to Russia, hails ‘heroes’

Ukrainian officials report Pyongyang sent 14,000 troops, including 3,000 reinforcements to replace heavy casualties.

🟡Reuters

How the Ayer Kuning by-election produced three winners

All three parties won in their own ways – but what does it all mean for Malaysians?

🟡Tajuddin Rasdi