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From Alex Yancher, CEO/Co-founder, Passport Shipping: "Did you know that Temu/Shein and other China-based shippers are planning on paying US tariffs on the cost of goods, not the retail value? So for a Temu product that a buyer pays $20 for, Temu will pay tariffs on COGS, something closer to $2 vs. $20 (sales price). Let’s say tariffs are 20%, that’s only $0.40. Temu’s prices will go from $20 to $20.40. *But there’s a catch*."
How does it work? Read his full LinkedIn post here.
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