Temu pushes ‘local' products after Trump reverses trade loophole that helps Chinese companies avoid taxes
1. Temu promotes 'local' products after tariff changes that increased shipping costs. 2. The de minimis rule's elimination may force Temu to raise prices. 3. Temu's US sales from local warehouses increased to 20% by July 2024. 4. Competition with US retailers like Amazon intensifies as Temu pivots. 5. Export value of Temu soared to $66 billion in 2023 from $5.3 billion in 2018.