this post was submitted on 17 Apr 2025
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Temu and Shein to hike prices (htxt.co.za)
submitted 5 days ago by Tea@programming.dev to c/technology@lemmy.world
22 comments fedilink hide all child comments
 
  • Temu and Shein will be getting more expensive come 25th April 2025.
  • The companies are blaming increases to their operating expenses thanks to sweeping export tariffs from the US.
  • Other international companies will likely be increasing their prices in the coming months, including for South Africans.
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[–] glimse@lemmy.world 17 points 5 days ago (2 children)

Should have accomplished it the right way by getting rid of the loophole that makes those sites so profitable instead

[–] DelightfullyDivisive@discuss.online 9 points 5 days ago (2 children)

What is the loophole that makes them profitable?

[–] Thekingoflorda@lemmy.world 19 points 5 days ago (1 children)

I believe they are referencing the de minimis tax rule that exempts items below $800 from import tax.

[–] wosat@lemmy.world 7 points 4 days ago

Trump did end the de minimis rule. The executive order was made April 2nd; the loophole closes May 2nd. https://www.cnbc.com/2025/04/03/de-minimis-trade-loophole-to-end-may-2-white-house-says.html

[–] glimse@lemmy.world 13 points 5 days ago

The other reply is correct, they get crazy cheap shipping rates by sending small things. Like every Temu package costs taxpayers money to subsidize it

[–] TheGalacticVoid@lemm.ee 0 points 3 days ago

This is such an awful idea as it stops us from buying international packages from anywhere. The 'loophole' is already closed for China.