Temu increasingly surfaced products shipped from U.S. warehouses after President Donald Trump revoked a key tax loophole allowing duty-free imports under $800. The de minimis exemption facilitated the growth of Chinese e-commerce firms like Temu and Shein in the U.S. by bypassing import duties. Temu has shifted focus to promoting sellers with local inventory. The move positions Temu in direct competition with Amazon, eBay, and Walmart. PDD Holdings-owned Temu began onboarding U.S.-based sellers in March, with 20%. PDD’s stock has been volatile, dropping 17% in three days.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Timu is increasingly servicing products shipped from U.S. warehouses after President Donald
00:06Trump revoked a key tax loophole allowing duty-free imports under $800. The de minimis
00:12exemption facilitates the growth of Chinese e-commerce firms like Timu and Sheen in the U.S.
00:17by bypassing import duties. Timu has shifted focus to promoting sellers with local inventory.
00:22The move positions Timu in direct competition with Amazon, eBay, Walmart.
00:26PDD Holdings-owned Timu began onboarding U.S.-based sellers in March with 20%
00:31PDD stocks has been volatile, dropping 17% in three days.
00:36For all things money, visit Benzinga.com slash GSTV.