Temu's Prices Are Going Up Next Week, So You Should Shop Now
1 min read
Summary
Discount shopping app Temu has announced it is planning to increase prices from 25 April 2023 due to changes in global trade rules and tariffs.
While the company has moved away from its direct-from-China supply model, it still sources many items from Asian marketplaces, which are now subject to tariffs.
In addition, from 2 May the US is ending the de minimis exemption, which currently allows retailers to ship products under $800 directly to US customers without extra duties.
As a result of these changing trade rules, fellow China-based retailer Shein has also announced price rises for US consumers, and both retailers are reducing their digital advertising spend.
However, Temu is urging customers to ‘shop now at today’s rates’.
