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Shein, Temu Warn Tariffs Will Raise U.S. Prices; DHgate Surges in Popularity
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Chinese online retailers, Shein, and Temu, owned by PDD Holdings (PDD.US), warned U.S. customers of price adjustments starting next Friday, April 25, due to rising operating costs from changes in global trade rules and tariffs. Since U.S. President Donald Trump imposed tariffs, Shein and Temu have seen sharp drops in app store rankings. Temu, previously among the top five free apps in the U.S. Apple App Store for two years, now ranks 75th, while Shein has fallen from 15th last month to 58th. Meanwhile, DHgate has surged to second place, and BABA-W (09988.HK) Taobao ranks seventh. AAStocks Financial News |
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