Online retailers are primarily affected by President Donald Trump’s tariffs and the handling of De Minimis exemptions.
Just look at the price increase Reuters has seen from Singapore’s fast-fashion e-commerce retailer Shein. According to Reuters, the price of “baby tights” rose by 63% from April 24 to July 22. During the same period, a t-shirt for a child increased by 68%, a pair of boys shorts increased by 57%, a t-shirt for boys increased by 45%, a t-shirt for a girl increased by 52%, a baby shirt increased by 24%, a top on a girl’s cam increased by 35%, and a 10% increase in dress for a girl, with just a 10% increase in price.
Shein uses marginalized women to conduct an influencer journey. It works.
“Reuters tracked the prices of Shein’s 70 lowest-cost clothing products listed in the Us, Boys, Boys and Baby categories, which was adapted to the new tariff rules starting on April 24, the day before Shein’s price adjustments began, which exposed the packages on May 2 to expose the packages to these packages to be heavily subject to the heavy tariffs on these packages. [percent],” Reuters reported.
Mixable light speed
These price increases may be due to the elimination of minimum waivers, Reuters reported.
On May 2, Trump ended his minimum waiver. This means that parcels worth less than $800 from China to the United States are no longer tax-free. Trump’s official reason is that sellers use exemptions to ship illegal substances such as fentanyl into low-value kits. While lawmakers on both sides of the aisle agreed that reforms to the De Minimis rule could slow the spread of drug trafficking in the United States and help us make it, some people think it is effective in curbing illegal drugs and helping us make it, and doubt it matches the timing of his ongoing trade war.
And, as Reuters noted in a working paper published last year by the National Bureau of Economic Research, eliminating the exemption “will cost the overall consumer of the U.S. consumers between $10.9 billion and $13 billion, but the relative cost per person will be higher for low-income Americans.”
The outcome of these tariffs and De Minimis exemptions will not only affect Shein, although it is one of the largest e-commerce companies. Influential people, content creators and entrepreneurs, especially those who sell their own goods and work with brands that sell under the de Minimis exemption, are also suffering.
