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Shein has issued a warning over the impact of tariffs imposed by Donald Trump on businesses across the world as the chain sheds light on how the taxes have affected the group.

The fast fashion chain reported a 20 per cent rise in global revenue to $37bn (£27.7bn), despite US tax law changes, but they confirmed profits have fallen as the brand have faced higher costs.

Pre-tax profits for the brand had fallen three per cent to $1.5bn last year from $1.3bn in 2023 after a rise in selling and marketing costs, accounts have revealed.

The popular digital fashion brand warned that changes to US tariffs since April and their "frequent evolution" had “increased the level of uncertainties in the global economy."

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