News
Shein, Temu report drop in sales, weighed down by US tariffs
PDD (PDD) shares are plunging as sales of Chinese online retailers Temu — which is owned by PDD Holdings — and Shein dropped sharply after tariff-driven price hikes, according to Bloomberg. US Treasury Secretary Scott Bessent says trade talks with China will begin Saturday,
Rena Scott, a retired registered nurse in Virginia, usually has 10 to 12 active Temu orders at any given time.
That strategy change came as the firms rushed to prepare for last Friday, when President Trump ended a popular trade loophole ...
The "de minimis" trade loophole that allowed cheap packages to come to the U.S. duty-free is closing. Ecommerce customers are ...
Learn how Long Island consumers and businesses are impacted by the end of the de minimis exemption, leading to higher costs ...
The Chinese government has leverage over the two firms. Although Temu has grown quickly, PDD, its parent company, remains ...
Singapore-based Shein and Temu became known in the U.S. for selling cheap apparel and accessories, often undercutting ...
The shopping company, owned by billionaire Jeff Bezos, has only operated the mobile-shopping experience Haul in the US since ...
Temu and Shein have historically benefited from a provision called the “de minimis rule” that exempted goods worth $800 or less from being tariffed.
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback