Shein Executive Chairman Donald Tang Confident US Tariffs Won’t Impact Company
Donald Tang, the executive chairman of Shein, has reassured customers that the US tariffs imposed during the Trump administration will not hinder the company’s presence in the American market. Despite the new import levies imposing an additional 20 percent tariff on products from China, Tang remains optimistic about Shein’s ability to continue delivering goods to its customers.
The ongoing trade tensions between Washington and Beijing have raised uncertainties about the future of duty-free imports under $800. However, Tang emphasized that Shein will do everything possible to ensure that customers’ interests and experiences are not affected by the tariffs.
Shein, originally founded in China and now headquartered in Singapore, has faced scrutiny for its labour practices, particularly regarding the exploitation of the Uighur minority in Xinjiang for forced labour in the cotton fields. Tang reaffirmed Shein’s zero-tolerance policy towards forced labour, stating that the company upholds a code of conduct aligned with the International Labour Organization’s standards.
Tang also highlighted Shein’s commitment to transparency by allowing independent audits of their factories. Despite these measures, campaign groups like Public Eye and Amnesty International have called for Shein to disclose how it monitors and eliminates forced labour risks, especially in Xinjiang.
Shein is considering a global stock exchange listing, with London being a potential venue. Tang believes that such a listing would enhance transparency and build public trust, essential for the company’s long-term growth.
Furthermore, Shein plans to invest 200 million euros in European circular economy and recycling projects to improve its image. However, environmental groups like Friends of the Earth estimate that Shein’s operations contribute significantly to carbon emissions.
With the EU and countries like France looking to regulate waste from fast-fashion companies, Shein’s sustainability efforts and transparency will be closely monitored by investors and environmentalists.
