FILE PHOTO: Shein and Temu app icons are seen in this illustration taken August 22, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) -Chinese e-marketplace Temu and fast-fashion retailer Shein will raise prices next week as U.S. President Donald Trump's sweeping tariffs and crackdown on low-value imports push up costs for the companies known for their budget offerings.
In nearly identical letters to customers this week, the two companies said they will be increasing prices starting April 25 and encouraged shoppers to purchase "now at today's rates".
