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PDD Holdings' CEO said "radical change in external policy environment, such as tariffs," has put pressure on its merchants ...
New York Magazine on MSN7d
Temu and Shein Might Just Be Screwed
Temu’s last quarter may plausibly be its worst, in tariff terms — the Trump administration has already de-escalated somewhat ...
With the baseline tariff set at 10 per cent for most nations and a steep 30 per cent levy on Chinese imports, the added cost ...
In an earnings call, Temu's parent company, PDD Holdings, said it would subsidize some merchants to help keep them afloat, ...
Related: Temu quietly makes drastic decision as consumers switch gears He also issued an executive order on April 9 imposing ...
But the tariffs ... trade policy research fellow at the Cato Institute, a libertarian think tank, told CNN. The de minimis exemption had allowed Chinese e-commerce giants like Shein and Temu ...
US consumers may soon face higher prices on everyday goods--from groceries and electronics to cars and clothing--as companies respond to steep tariffs introduced under the Trump administration. Check ...
Market volatility threatens to change how new media functions, mere months after TikTok users had some relief as Trump vowed ...
President Trump is shifting the pressure to big companies to deal with rising costs from his tariff plan, leaning into ...
Companies squeezed by Shein and Temu are welcoming the end ... of de minimis for China a “fair trade policy.” But Mr. Trump’s suite of other tariffs is taking center stage for her, too.