Chinese e-commerce giants Shein and Temu face a sharp drop in US users and ad spend as tariffs bite.

Use of low-cost e-commerce giants Temu and Shein has slowed significantly in the key U.S. market amid President Donald ...

Low-cost e-commerce giants Temu and Shein have slowed significantly in the U.S. amid tariffs and the closure of the de ...

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The difficult relationship between Beijing and Washington, and the UK’s desire to stand shoulder to shoulder with the US ...

The FTSE 100 has trotted 12 points higher tp 8,790 in initial trading, not helped by a 2.3% fall for Kingfisher. Top risers ...

Shein Group Ltd. lowered US retail prices this week after the Trump administration temporarily cut duties on Chinese imports, as the online fashion retailer moves to win back consumers scared away ...

Shein also suffered a steep decline in US spending growth, cooling from 30% at the start of April to just 20% at the end. That spending slowdown is no coincidence. In early April, Trump killed a ...

So let's dive into some of that data. Shein US sales dropping 23% the week after it raised prices. Temu seeing a 17% decline in that same stretch. This according to data coming from Bloomberg.

The fast-fashion giant launched an elaborate PR campaign in Washington, hiring at least three high-ranking Trump officials. But it wasn’t enough to save Shein from Trump’s tariffs.