Why did Tesla stock plunge amid Musk-Trump feud?
How will Walmart’s layoffs affect retail operations?
What impacts will India's rate cut have on trade?
Why is the EU easing tariffs on US fertilizers?
How did the May jobs report influence markets?
What caused Broadcom’s AI revenue surge?
Why is Musk threatening to withdraw SpaceX contracts?
Shein and Temu see U.S. demand plunge on 'de minimis' trade loophole closure
cnbc.com/2025/06/05/shein-temu-see-us-demand-plunge-on-de-minimis-trade-loophole-closure.html
Use of low-cost e-commerce giants Temu and Shein has slowed significantly in the key U.S. market amid President Donald Trump's tariffs on Chinese imports and the closure of the de minimis loophole, new data shows.
Temu's U.S. daily active users (DAUs) dropped 52% in May versus March,…
This story appeared on cnbc.com, 2025-06-05 05:12:06.