Temu owner’s shares drop as profits are cut in half by Trump tariffs — CEO blames ‘radical change’
New York PostMAY 28
The implementation of stricter trade policies addresses legitimate concerns about unfair competition and tax avoidance. Chinese e-commerce platforms have long exploited the de minimis loophole to flood the US market with ultra-cheap products, undermining domestic retailers and raising questions about fair trade practices. The new tariff structure helps level the playing field for American businesses.