Shein Hikes US Prices on Some Goods as Much as 377%

Good morning. Shein is raising US prices on some goods with kitchen towels being especially hard-hit. China lowers its tax threshold for visiting foreigners. And coconuts are getting more expensive. Listen to the day’s top stories.

Shein hiked US prices on some goods—including a 377% markup on a 10-piece set of kitchen towels—ahead of the Trump administration’s May 2 scrapping of the “de minimis” exemption on Chinese goods. The increases, which occurred mostly on Friday, are an early sign of the potential effects of the trade war on American consumers.