Discount Chinese retail app Temu appears to be passing on nearly all of Donald Trump’s new import taxes to US consumers, more than doubling the cost of some products in a move that may add to concern about the inflationary impact of tariffs.

While products shipping from Temu’s US warehouses are currently spared from import surcharges, Bloomberg found that bestselling items coming over from China are displaying taxes that greatly exceed product value — and US consumers will be paying the additional costs.

Shein and Temu sharply raised prices for U.S. customers last week as they braced for new tariffs on Chinese imports set to take effect on May 2. According to reports from Bloomberg and CNN, the two popular

Economists have been skeptical of whether revenue from tariffs could actually offset income tax for Americans, despite President Donald Trump repeatedly saying it will.

President Donald Trump suggested Sunday that his sweeping tariffs would help him reduce income taxes for people making less than $200,000 a year, as public anxiety rises over his economic agenda.

Trump vowed in a post on Truth Social that income taxes for many Americans will be “substantially reduced” or even “completely eliminated” in the wake o