Trump's de minimis cancellation is bad news for Temu, but worse for Shein
The Trump administration move to stop low-cost imports entering the U.S. tariff-free is likely to hit fast fashion retailer Shein harder than online dollar-store Temu, thanks to Temu's wider product range and moves to change its shipping strategy.
Temu has onboarded more sellers with U.S. inventory in recent years as lawmakers have zeroed in on the de minimis exemption.
The U.S.-listed shares of Temu parent PDD Holdings finished higher Friday after the Trump administration pulled back on its ...
Trump's tariff executive order closes the de minimis tax loophole, causing brands to scramble for solutions.
Chinese packages under $800 were exempt from tariffs due to the "de minimis" exemption, now ended under new U.S. rules that ...
U.S. President Donald Trump temporarily halted his administrations repeal of duty-free treatment for low-cost packages from ...
President Trump's executive order expanding tariffs could snag billions of dollars in cheap goods from retailers like Temu ...
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Air Cargo Rates Set to Sink as De Minimis Gets the AxeElevated capacity could bring rates down lower than late 2023 figures if firms like Shein and Temu can't ship goods into the ...
Temu increasingly surfaced products shipped from U.S. warehouses after President Donald Trump revoked a key tax loophole ...
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