Ghana news briefing
Shein swings to $99m loss as Trump tariffs hit sales
By GhanaSummary Newsroom1 min read
The figures show the impact of a Trump-signed executive order to end a global tariff exemption that had been used by US shoppers of low-cost goods."The removal of the US de minimis exemption has had an adverse impact on our sales in the US and the overall growth of our net revenues," Shein said in the filing.
Shein says it swung to a quarterly loss as its sales slowed after US President Donald Trump removed an import duty exemption on small packages.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
