Temu's Parent Company, PDD Holdings, shares closed just below 6% on Monday following Donald Trump’s tariff announcement. Trump's executive order includes ending the trade loophole that has benefited Chinese e-commerce platforms like Temu and Shein. The loophole allows duty-free shipments under $800, a key factor in their U.S. growth. Analysts warn the change could hinder Temu’s expansion and impact digital ad spending, as the company and Shein have been major advertisers on Meta’s platforms.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02His parent company, PDD, holding shares closed just below 6% on Monday,
00:06following Donald Trump's tariff announcement.
00:09Trump's executive order includes ending the tariff loophole
00:12that has benefited Chinese e-commerce platform like Timu and Sheen.
00:17The loophole allows duty-free shipments under $800, a key factor in U.S. growth.
00:22Analysts warned that the challenge could hinder Timu's expansion and impact digital ad spending,
00:26as the company and Sheen have been major advertisers on Mattis platforms.