Trump's tariffs slash valuation of Chinese fast-fashion giant Shein
U.S. tariff measures under Donald Trump have driven Shein's market value down from nearly $100 billion to $26 billion after its Hong Kong IPO.
Shein, the Chinese online apparel retailer that built its success by copying social-media trends and selling cheap, fast-fashion items to U.S. shoppers, peaked at a valuation close to $100 billion in 2022. Recent trade policies imposed by Donald Trump have severely limited its access to the American market. The company listed shares in Hong Kong this week, emerging with a valuation of $26 billion, reflecting a drop of about $74 billion. Analysts attribute the steep decline to the tariff wall that has constrained Shein's growth.
Why it matters
The story shows how U.S. trade policy can dramatically affect the valuation of global e-commerce companies.
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