Tariffs & Duties #shein#loss
Shein swings to a quarterly loss after Donald Trump’s trade rules slow US sales
Fast-fashion e-commerce giant Shein reported a $99m net loss for Q1 2026, compared with a $395m profit a year earlier, citing the removal of the US de minimis import duty exemption on small packages. The company also flagged headwinds from US-China tariff uncertainty and the Iran war, and plans to raise prices in the US market. Shein received approval from the China Securities Regulatory Commission for a Hong Kong IPO on 10 July 2026.
Jul 27, 2026 1 source