In anticipation of tariffs, I made a hasty last-minute panic buy at Temu. Donald Trump has said he'll close the loophole that lets Temu and Shein ship directly to customers without duties.
The online retailers have built their brands selling cheap goods. Cheap clothing and products from Shein, Temu and other Chinese online retailers could soon get more expensive. The White House is ...
Citi analyst Alicia Yap tells investors in a research note that PDD‘s (PDD) Temu is likely to be the most impacted by raised tariffs and the removal of the de minimis exemption for shipments ...
The announcement will send shockwaves through the dropshipper community. Direct-to-consumer retailers, including Temu and Shein, have relied heavily upon the loophole to cement their lucrative ...
The announcement sent shares of PDD Holdings — the owner of Temu — plunging 6% in after-hours trade on Nasdaq. The stock closed 2.6% lower at $119.07 apiece on Wednesday. Shares of Alibaba ...
President Trump signed an executive order Wednesday closing a trade loophole on cheap goods from China that were previously exempt from tariffs. Trump, 78, argued that the so-called “de minimus ...
This would mean that products from Chinese retailers Shein and Temu can no longer be cleared at customs using a simplified process with a 20% flat duty rate. This specific concession was ...
(NewsNation) — President Donald Trump is eliminating a trade loophole that allows budget retailers like Shein and Temu to avoid tariffs on cheap Chinese goods. Trump signed an executive order ...
President Trump is cracking down on a popular tariff exemption for goods from China that allowed small shipments to avoid duties and customs inspections. Trump on Wednesday signed an executive ...
The elimination of the loophole is expected to impact discount marketplaces like PDD‘s (PDD) Temu and Shein, which have relied on it to expand rapidly in the U.S. The change is part of an effort ...
The move appears to be a massive blow to fast-fashion companies such as China-based Shein and Temu, which managed to rapidly expand in the US through the almost century-old de minimis rule.
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