Fans of bargain brands have only a limited amount of time to purchase items before they become more expensive.
According to USA Today, Chinese e-commerce sites are acting in response to President Trump’s tariffs.
The President’s ongoing trade war with the foreign powerhouse is now directly affecting American consumers.
The higher tariffs on Chinese products mean that the United States pays more for foreign goods.
As a result, the price is being passed on to the consumer.
Trump has done this to encourage consumers to buy American products.
Both companies recently issued notices announcing price increases that will take effect on April 25.
This only gives you three days to act and get the best deals.
SHEIN SAYS SORRY
In a customer notice, Shein expressed gratitude for their support.
The company said in a statement that “due to recent changes in global trade rules and tariffs, our operating expenses have increased.”
“To keep offering the products you love without compromising on quality, we will be making price adjustments starting April 25, 2025.”
Currently, Donald Trump has imposed a 125% tariff on Chinese exports, which China has matched for American products.
The President recently announced a 90-day moratorium on the tax he had imposed on several other countries as part of his reciprocal tariff scheme.
However, China remained the only country that did not see a tariff pause.
Given the volume of goods imported by the United States from China, several industries face the prospect of raising consumer prices.
The administration recently proposed bringing iPhone manufacturing to the United States, but opponents heavily criticised the idea.
China is also a large producer of computers and toys, which Americans may see prices rise soon.
TARGET WARNING
The US Sun recently reported on Target’s CEO’s ominous warning to American consumers, as tariff concerns continue.
This was before the pause was implemented, but the message serves as a timely reminder of the threat that shoppers face.
Target CEO Brian Cornell stated, “Those are categories where we’ll try to protect pricing, but the consumer will most likely see price increases over the next few days.”
“If there’s a 25% tariff, those prices will go up.”
He isn’t the only CEO who has issued a stark warning.
Corie Barry, the CEO of Best Buy, stated, “Trade is critical to our business and industry.
“The consumer electronics supply chain is extremely global, technological, and complex.
“We expect our vendors across our entire assortment will pass along some level of tariff costs to retailers, making price increases for American consumers highly likely.”
