Pittsburgh economist explains why Shein and Temu are raising prices due to Trump's tariffs on China [CBS News]
PNC Financial Services Group, Inc. (The) (PNC)
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am
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Source: CBS News
In a tariff war between the two nations, China hiked its retaliatory tariffs earlier this month on U.S. goods to 125 percent, matching the level of tariffs that Trump has placed on Chinese imports. On Wednesday, Treasury Secretary Scott Bessent said the Trump administration has an "opportunity for a big deal" on trade between the U.S. and China. So, what do shoppers need to know? The Trump administration's tariffs mean items shipped from China will soon cost consumers much more, experts say. Shein and Temu to raise prices Forget those $11 jean shorts or $1 glass cups. The Chinese e-commerce sites Shein and Temu will raise prices starting on April 25 because of tariff increases. A sporty jacket at Shein sold for $6.76 just last month. It's already up to $8.23, and the hike hasn't even hit yet. "The increase in tariffs means that the importer is going to have to pay an extra tax on that," said Gus Faucher, chief economist with PNC Financial Services Group. "And to some extent
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News
- The PNC Financial Services Group, Inc. (PNC) Draws Mixed Analyst Views Despite Higher Price Targets [Yahoo! Finance]Yahoo! Finance
- The PNC Financial Services Group (NYSE:PNC) had its "buy (b)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- The PNC Financial Services Group (NYSE:PNC) had its price target raised by analysts at Truist Financial Corporation from $210.00 to $229.00. They now have a "hold" rating on the stock.MarketBeat
- The PNC Financial Services Group (NYSE:PNC) had its price target raised by analysts at Keefe, Bruyette & Woods from $215.00 to $228.00. They now have a "market perform" rating on the stock.MarketBeat
- PNC Multifamily Capital Announces 100th Affordable Housing Fund; Driving Nationwide Impact [Yahoo! Finance]Yahoo! Finance
PNC
Earnings
- 10/15/25 - Beat
PNC
Sec Filings
- 12/16/25 - Form S-8
- 12/12/25 - Form 8-K
- 12/9/25 - Form 4
- PNC's page on the SEC website