Temu parent PDD's stock tumbles as Trump tariffs close trade loophole
1. PDD shares dropped over 5% following Trump's tariff announcement. 2. New tariffs could eliminate the de minimis trade loophole for PDD's Temu. 3. Analysts estimate local warehouses may only contribute 20% to U.S. GMV by 2024. 4. The tariff changes could reduce Temu's growth potential post-2025. 5. Digital ad spending may decrease as PDD faces rising product costs.