Trump hits pause on blocking a trade loophole. Temu parent’s stock gains. - MarketWatch

1. PDD shares rose after the Trump administration maintained de minimis exemption. 2. The exemption allows shipments under $800 to avoid tariffs, benefiting PDD's business model. 3. Trump's new tariffs on China were rolled out but the exemption remains in place. 4. Customs backlog reported, indicating intense scrutiny and operational challenges for logistics. 5. PDD's stock gained 1.4% while the broader market declined significantly.