Tariffs, sales surges, price hikes, slashed ad spend and the go-ahead for a long-awaited IPO amid trade chaos – it’s just another breathless seven days in Shein world.

Temu and Shein plan to raise prices as they grapple with President Trump's move to close a trade loophole on cheap Chinese goods. Why it matters: Imported shipments valued at less than $800 had enjoyed the "de minimis" exemption from U.