Temu & Shein E-Commerce Users Plummet; 50% of Tariffs Passed to Consumers?
Schwab Network · Schwab Network
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Show Notes
Randy Carver spotlights a decline in Temu and Shein e-commerce users because of tariffs. He thinks that these Chinese companies are outliers because of the closing of the tax loophole for small packages, impacting their pricing power. “The drop off has been huge,” he notes – about 51% between March and June. However, retail overall is still projected to grow, he adds. He thinks about half of tariff costs will be passed to consumers.
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