President-elect Donald Trump's threatened tariffs could hit Shein and Temu hard.Jakub Porzycki/NurPhoto via Getty ImagesTrump's second term may not bode well for Chinese fast-fashion brands in the US.The president-elect has floated the idea of tariffs of 60% or more on imports from China.Gen Z-favorite brands like Shein and Temu will likely be hit hard by such tariffs.Donald Trump's victory in the presidential election could spell trouble for Chinese fast-fashion brands, particularly Gen Z-favorite budget brands like Shein and Temu.On Monday, Trump said in a Truth Social post that he intends to slap China with an additional 10% import tariff — on top of any tariffs he already plans to impose.
Chinese Fast Fashion May Be In The Line Of Fire In A Second Trump Term. Here's What Trump's Tariffs Could Mean For Shein And Tem
abharade@insider.com (Aditi Bharade), Business Insider
Mon, 11/25/2024 - 11:12pm
Topics: which he said was president-elect donald trump jakub porzycki/nurphoto getty imagestrump donald trump truth social fentanyl trump's monday chinese embassy spokesperson liu pengyu national retail federation november david jacks singapore's yale-nus college morocco jacks lei chen pdd neither shein techmoat consulting emily pfeiffer amazon haul jacob cooke ceo wpic marketing technologies vox uk bloomberg october february super bowl september trump temu chinese china gen z-favorite shein american nrf jacks bi business insider term tariffs fast fashion brands trade businesses cheap goods fast-fashion company higher imports called prices chains consumers supply call reported apparel profits public additional including scrutiny low-price impose imposed avoid us.the hit massive import hard war taxes win e-commerce year report competition spending products popular told price towson firm
BING NEWS:
- Will Trump Tariffs Spell the End of Temu, Shein in the U.S.?
Temu and Shein's viability in the U.S. could rely on whether Biden or Trump opt for meaningful changes to de minimis rules in the coming months.
11/26/2024 - 5:08 pm | View Link - Chinese fast fashion may be in the line of fire in a second Trump term. Here's what Trump's tariffs could mean for Shein and Temu.
Donald Trump's victory in the presidential election could spell trouble for Chinese fast-fashion brands, particularly Gen Z-favorite budget brands like Shein and Temu. On Monday, Trump said in a Truth ...
11/25/2024 - 5:12 pm | View Link - More
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