Shein reports quarterly loss after Trump removes tariff exemption

Fashion retailer Shein lost $99 million in the first three months of 2025. This is a big change from the same period last year, when the company made $395 million in profit. Shein, which is based in Singapore but was founded in China, sells low-cost clothing to customers around the world.

The losses came after US President Donald Trump removed a tax exemption on small imported packages. Before this change, shoppers in the US could buy cheap goods from abroad without paying import taxes. Shein relied on this rule to keep its prices low.

The company has said the change hurt its US sales. It is now considering raising prices in the US to cover the extra costs from the new tariffs.