(NewsNation) — Popular budget retailers Shein and Temu are following through on plans to raise prices due to President Trump’s tariffs, with some products more than doubling in cost in recent days.
The average price of the top 100 beauty and health products on Shein jumped 51% last week, according to data compiled by Bloomberg News. Some items saw even steeper hikes: a 10-piece set of kitchen towels surged 377%, while eyebrow gel rose nearly 200%.
Meanwhile, Chinese retail app Temu appears to be passing on “nearly all” of President Trump’s new import taxes to U.S. consumers, Bloomberg said. The company
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