Temu Resumes Direct China to US Shipping After Tariff Truce
5 Articles
5 Articles
Temu Resumes Direct China-US Shipping, Increases Ad Spend Following Trump Trade Truce That Cuts Chinese Tariffs - PDD Holdings (NASDAQ:PDD), Amazon.com (NASDAQ:AMZN)
Amazon.com Inc. (NASDAQ:AMZN) rival bargain ecommerce platform Temu has resumed direct shipments from Chinese factories to U.S. consumers and boosted advertising spending after a trade truce between Washington and Beijing reduced tariff pressures. Trade Agreement Enables Shipping Recovery The platform, owned by Shanghai-based PDD Holdings Inc. (NASDAQ:PDD), restored fully managed shipments in July after suspending the service in May amid escalat…
Temu resumes direct China to US shipping after tariff truce
Temu restarts direct China-to-US shipping after the trade truce eases tariff pressures on low-cost imports. Temu has restarted sending goods straight from Chinese factories to American buyers and is again spending more on US ads, after Washington and Beijing reached a temporary truce over tariffs im...
US President Donald Trump recently extended the truce that averted a drastic trade war between the United States and China with tariffs well in excess of 100 percent. But a different set of tariffs still applies to Chinese goods imported into the US, at 30 percent. And that's the rate that imports...
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