“Due to the fact that our operating costs have increased significantly, we must correct the price to be able to offer products that you love without lowering their quality,” shein was said in mid -April. Now customers have found out what this correction looks like. Products prices in popular Chinese purchasing platforms have increased significantly. And this day by day.
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As CNN reminds, American customers ago and Shein, who obtain most of their products from China, were largely able to avoid paying customs due to release from fees for shipping goods worth below $ 800. This exemption, known as “de minimis”, expires on May 2, as a result of an executive regulation signed by President Donald Trump at the beginning of this month.
After the changes in force, the companies will have to pay 120 percent. duties or a fixed fee of $ 100 for postal item. From June 1, the flat -rate fee will increase to $ 200.
Shein and this was significantly raised by prices in the USA
CNN journalists have traced the prices of some popular products in the US, which are offered on trade platforms. For example – as CNN explains – two terrace chairs available for this on Thursday were $ 61.72, while on Friday their price was already $ 70.17. On the Shein website, the set of swimsuits cost $ 4.39. On Thursday, and Friday, its price was already $ 8.39, which means an increase of 91 percent.
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As CNN points out, the prices of products change automatically and it is difficult to indicate which prices which goods have increased the most. Online, so it is not possible to determine why some prices have risen and others do not.
Both sides encouraged customers to make purchases before April 25 to avoid paying higher prices. It is not clear, however, whether the buyers will avoid paying 120 percent. duties if their orders arrive after May 2.
According to research of UCLA and Yale economists, published in February, which CNN recalls, the end of the “de minimis” tariff layout next month will also harm home farms with lower income.
