The de minimis loophole, which allowed shipments less than $800 to be exempted from tariffs, is slated to end as of May 2.

Both fast fashion giants announced on April 16 that U.S. consumers will feel the impact of Trump's tariffs sooner than they thought.

Shein and Temu, two popular Chinese e-commerce sites known for their low-cost items, say they will raise prices for U.S. consumers starting next week, a move that comes amid President Trump's 145% tariff on imports from China and the end of a trade loophole.