Shein swings to $99m loss as Trump tariffs hit sales

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.