Hong Kong Stock Exchange

Post Hearing Information Pack of SHEIN Global Holdings Limited

Daily Mirror

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BBC News

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The Wall Street Journal

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The White House

SUSPENDING DUTY-FREE DE MINIMIS TREATMENT FOR ALL COUNTRIES

European Council

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ITIF

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CNBC

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Shein reported a net loss of $99 million in the first quarter of 2026, compared with a net profit of $395 million in the same period a year earlier, as the company prepares for a planned stock market debut in Hong Kong.

Shein reported a net loss of $99 million in the first quarter of 2026, compared with a net profit of $395 million in the same period a year earlier, as the company prepares for a planned stock market debut in Hong Kong.

The loss followed a Trump executive order, effective Aug. 29, 2025, that ended the de minimis exemption allowing goods valued at $800 or less to enter the US duty-free, citing national security and illicit drug concerns.

Donald Trump

The loss followed a Trump executive order, effective Aug. 29, 2025, that ended the de minimis exemption allowing goods valued at $800 or less to enter the US duty-free, citing national security and illicit drug concerns.

Shein said the removal of the US de minimis exemption "had an adverse impact on our sales in the US and the overall growth of our net revenues," and that it plans to raise prices in the US market to offset higher costs.

Shein said the removal of the US de minimis exemption "had an adverse impact on our sales in the US and the overall growth of our net revenues," and that it plans to raise prices in the US market to offset higher costs.

The EU began applying a temporary €3 customs duty per item on low-value goods valued up to €150 from July 1, 2026, replacing a duty-free exemption. The measure will remain in place until July 2028, when normal customs duties will apply.

The EU began applying a temporary €3 customs duty per item on low-value goods valued up to €150 from July 1, 2026, replacing a duty-free exemption. The measure will remain in place until July 2028, when normal customs duties will apply.

Shein warned the EU’s removal of the small parcel exemption may have a "material adverse effect" on its business, adding that trends in the EU could match or exceed the impact seen in the US after its de minimis exemption ended.

Shein warned the EU’s removal of the small parcel exemption may have a "material adverse effect" on its business, adding that trends in the EU could match or exceed the impact seen in the US after its de minimis exemption ended.

Shein’s net profit margins narrowed to 4.9% in 2025, down from 8.7% in 2024, while the US share of its revenue fell from 30% in 2023 to 22% in 2026. The company had 281 million active customers in the year to end of March 2026.

Shein’s net profit margins narrowed to 4.9% in 2025, down from 8.7% in 2024, while the US share of its revenue fell from 30% in 2023 to 22% in 2026. The company had 281 million active customers in the year to end of March 2026.

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

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

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

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