Shein swings to $99m loss as Trump tariffs hit sales

Shein, a fast fashion giant, has reported a $99 million loss due to the impact of Trump-era tariffs on its sales. The company's financial performance was affected by the tariffs imposed by the former US administration. Despite the loss, Shein is moving forward with its plans for a stock market debut in Hong Kong. The upcoming initial public offering is a significant step for the company as it seeks to expand its global presence.

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