From CNBC: 2024-09-13 15:40:45

Chinese e-tailers Shein and Temu may raise prices by 20% if the Biden administration limits trade loophole. $30B in revenue for Shein, unclear for Temu, posing a threat to rivals like H&M, Zara. Investigation into alleged slave labor and tax dodging by both companies may hinder Shein’s IPO, shifting focus to London.



Read more at CNBC: Shein and Temu prices poised to rise after Biden de minimis proposal