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Last week, popular eCommerce retailers Shein and Temu announced plans for tariff-related price hikes. So far, it's not clear if these increases — scheduled to go into effect April 25 — have caused the companies' traffic to spike, Ars Technica reported Friday (April 18).
A delisting would take time and send a serious ripple through global markets.
Temu and Shein are planning to raise their ultra-low prices for U.S. consumers as Trump's executive order ending the "de minimus" tariff loophole is set to take effect.
The entire market has turned sour on Chinese stocks despite what promise of upside they may have brought over the past two quarters. Asia's powerhouse beat the S&P 500 index in terms of price action until talks of trade tariffs being rolled out by President Trump started to create fear and uncertainty for the future of China's economy as its uneven stance with trade with the United States was placed in the spotlight.
Donald Trump has exempted reciprocal tariffs on certain electronic Chinese imports, giving markets a slight reprieve as the U.S.-China trade war heats up. While tariffs are likely to burn both countries, China could be in a stronger position to replace key U.S. imports. SA Quant has identified five Chinese stocks with strong financials and high Quant Factor Grades that are well-positioned for recovery once market conditions stabilize.
Chinese online marketplace Temu and fast-fashion retailer Shein, two of the biggest advertisers on U.S. social media, are sharply cutting their U.S. digital ad spending, industry data show, in a blow to tech companies such as Meta's Facebook and YouTube.
Alibaba and Baidu, which both trade on the Nasdaq, have tumbled on worries that they could be banned from the U.S.
In letters to customers this week that mirror each other, both firms said they will be increasing prices starting April 25, and encouraged shoppers to purchase "now at today's rates."
Temu has pulled back on its online ad spending in the U.S. in the wake of President Donald Trump's sweeping tariffs. The Chinese online retailer has also fallen swiftly from the top ranks of Apple's app store.
Chinese online marketplace Temu and fast-fashion retailer Shein will raise prices on their products next week as President Trump's crackdown on low-value imports and sweeping tariffs increase expenses for the companies known for their low-priced offerings.