Cheap goods” sold on Temu and Shein aren’t as cheap as they were 24 hours ago. On Friday, the two companies raised prices on many goods in advance of new tariffs set to take effect next week. The companies had informed shoppers of the coming price hikes last week.

After warning a hike was coming, the ultra-cheap Chinese retailers are no longer so ultra-cheap. The increase comes ahead of the end of the de minimis exemption on May 2nd, at which point their low-value,