The two businesses have been famously known as online shopping sites with very low prices, giving U.S. retailers stiff competition.

Both fast fashion giants announced on April 16 that U.S. consumers will feel the impact of changes to trade policy sooner than they thought.

Online shopping giants Temu and Shein saw their sales rebound in March and April as US shoppers stockpiled products like makeup brushes and home appliances before tariff-led price increases set in. Shein recorded some of its best US sales growth in the past 12 months as revenue jumped 29 percent in March compared to a year earlier and then accelerated further to 38 percent over the first 11 days of April,