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.
SHANGHAI/NEW YORK, June 2 (Reuters) - (This June 2 story has been corrected to fix the percentage of daily US Temu users lost, in the headline and paragraph 1) Sign up here. Temu decided to slash ad ...
As a trade war escalates between China and the U.S., the impact on low-value, e-commerce packages is coming into view. Shoppers at online stores like Shein and Temu could see higher prices and slower ...
The e-commerce site acted after the Trump administration said it would close a loophole that allowed low-cost Chinese-made items to enter the U.S. without import fees. By Madeleine Ngo Reporting from ...
Starting Friday, goods from China worth up to $800 will be subject to tariffs and more paperwork under new Trump administration rules. By Peter Eavis and Julie Creswell A loophole that has allowed ...
Low-cost e-commerce giants Temu and Shein have slowed significantly in the U.S. amid tariffs and the closure of the de minimis loophole. Temu's U.S. daily active users (DAUs) dropped 52% in May versus ...