A pair of popular Chinese fast-fashion e-commerce retailers say they’re increasing prices next week as a result of tariffs imposed by President Donald Trump on Chinese imports. Shein and Temu, rival companies, announced the decision in similar statements issued this week, according to the Associated Press.

Temu and Shein are planning to raise their ultra-low prices for U.S. consumers as Trump's executive order ending the "de minimus" tariff loophole is set to take effect.