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Temu's Chinese owner sees profits plunge as trade war bites
PDD Holdings, the Chinese owner of online shopping platform Temu, has reported a near 50% drop in profit as US President Donald Trump's trade policies added to its struggles in its home country. US-listed shares of the e-commerce giant fell by more than 13% on Tuesday,
The American version of Temu abruptly began to show only “local” products days before the Trump administration was set to end a tariff loophole for small packages from China.
Bargain site Temu is slowly adding back items that are directly shipped from China following the U.S.-China trade thaw. Temu halted shipping from China altogether in early May ...
President Donald Trump’s tariff pause gives China-linked e-commerce sites such as Temu and Shein a temporary window of ...
Temu on Friday said it has stopped shipments of cheap goods from China to the US as President Trump axed a trade loophole that allowed the fast-fashion giant to sidestep tariffs and customs checks ...
Instead, it only displays listings for products available in U.S. warehouses, while goods shipped from China are listed as out of stock. “Temu’s pricing for U.S. consumers remains unchanged ...
Temu and competitor Shein warned customers about potential price hikes in late April weeks after tariff wars began between the U.S. and other countries, most notably China.
Temu, a low-cost retailer based in China, has overhauled its business model by halting shipments of Chinese-made goods to customers in the U.S. The move follows the May 2 expiration of the so ...
The vast majority of Shein and Temu products are manufactured in China and imported directly to the US, which is why the prices are so cheap. Temu’s new business lingo may sound like it’s ...
After President Donald Trump whacked China with import tariffs up to 145%, Temu began making the added import tax visible to all customers at checkout for products shipped from China — with the ...
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