
Temu Cuts Chinese Goods as US Low-Value Tariffs Kick In
Temu removed a large number of Chinese goods from its US site as low-value tariff waivers expired, shrinking choices and signaling higher prices ahead.
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Temu removed a large number of Chinese goods from its US site as low-value tariff waivers expired, shrinking choices and signaling higher prices ahead.
TEMU, owned by PDD Holdings, has skyrocketed to become the most downloaded shopping app worldwide in 2024, surpassing giants like Amazon and Walmart.
Chinese ecommerce retailer Temu, launched less than two years ago, is rapidly gaining market share with unbeatable online prices, prompting rivals to take notice.