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Shein, Temu to raise prices as Trump cracks down on cheap imports

Shein, Temu to raise prices as Trump cracks down on cheap imports

FILE PHOTO: Shein and Temu app icons are seen in this illustration taken August 22, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

Chinese e-marketplace Temu and fast-fashion retailer Shein will raise prices next week as US President Donald Trump’s sweeping tariffs and crackdown on low-value imports push up costs for the companies known for their budget offerings.

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