--Chinese retailers that sell on Shein and PDD Holdings' Temu platforms have been asked by logistics agents to start paying an additional 30% levy, Bloomberg reports, citing a memo seen by the outlet.
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Eliminating de minimis will cost U.S. consumers between $10.9 billion and $13 billion overall, but the relative cost per person will be higher for lower-income Americans, according to the paper, ...
ADR shares of PDD Holdings ($PDD), parent of retailer Temu, dropped more than 3% after United States Postal Service announced ...
An additional 10% tariff on all Chinese goods took effect a day after President Donald Trump agreed to pause his threatened ...
Temu has onboarded more sellers with U.S. inventory in recent years as lawmakers have zeroed in on the de minimis exemption.
THE US Postal Service’s flip-flop on inbound international packages from China and Hong Kong is throwing Chinese retailers that sell on Shein and PDD Holdings’ Temu platform into disarray. Read more ...
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PDD Holdings Inc. (NASDAQ: PDD) shares are moving lower Wednesday as the company faces increased scrutiny from U.S. regulators and new trade restrictions that could impact its business model.