LOUISVILLE, Ky. (WDRB) -- Online shoppers love Temu and Shein, the Chinese-based ecommerce sites with super cheap prices. With all the talk of possible tariffs, could those great deals come to an end?
Temu and Shein have been able to benefit from a loophole in U.S. law that has allowed companies to import less than $800 worth of goods from China without paying any tariffs on them.
A new presidential order recently hit the sites with 10% tariffs, and shoppers are not happy.
Shoppers are now considering how much they will buy depending on when and if prices go up. Sure a few cents doesn't matter and probably won't even be noticeable, but a large shipping charge could make or break the order.
Analysts said Temu and Shein are sophisticated companies and will find ways to keep selling their cheap products.
More area business stories:Ā
- Louisville congressman urging Washington to look into local USPS delays
- Downtown businesses benefiting from increasing attendance at Louisville men's basketball games
- Sale of downtown Louisville's Humana Tower sale faces hurdles over building defects
- Zanzabar to open arcade at Logan Street Market in Louisville