China advises Shein against shifting supply chain, Bloomberg News reports
FILE PHOTO: A company logo for fashion brand Shein is seen on a pile of gift bags on its Christmas bus as part of a nationwide promotional tour in Liverpool, Britain, December 14, 2024. REUTERS/Phil Noble/File photo
(Reuters) -Fast-fashion retailer Shein is facing opposition from the Chinese government over its plans to shift some production out of the country, Bloomberg News reported on Tuesday, citing people familiar with the matter.
China's Ministry of Commerce has reached out to Shein and other companies, advising them against diversifying supply chains by sourcing from other countries, one person familiar with the matter told Bloomberg News.
Bloomberg News said it wasn't immediately clear which other firms were contacted by the commerce ministry.
The requests came in the run-up to U.S. President Donald Trump's announcement on reciprocal tariffs that have sent firms scrambling for alternative ways to avoid additional import levies, the person told Bloomberg News.
Shein did not immediately respond to a Reuters request for comment on the report.
Trump's harsher-than-expected tariffs have roiled markets globally, wiping trillions of dollars in value across assets, and elicited strong rebuke from China and additional tariffs of 34% on all U.S. goods.
(Reporting by Sameer Manekar in Bengaluru; Editing by Mrigank Dhaniwala)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Republicans see opportunity in progressives' primary wins while Democrats embrace debate
- Eleven bodies recovered after boat carrying migrants sinks off Tunisia
- Putin wants to draft 300,000 new troops, Zelenskiy says
Create E-mail Alert Related Categories
ReutersRelated Entities
Donald J. TrumpSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share