Temu steers users to 'local' products after Trump shuts tax loophole
1. Trump revoked the de minimis tax exemption for goods under $800. 2. Temu is promoting local inventory to compete with Amazon and Walmart. 3. PDD's stock has experienced volatility due to new tariffs and customs changes. 4. Temu's U.S. sales from local sellers rose to 20% by July. 5. The USPS's brief suspension of packages from China caused market instability.