Temu's Parent Company Falls6% As Trump Closes Key Trade Loophole

Temu's Parent Company, PDD Holdings, shares closed just below 6% on Monday following Donald Trump’s tariff announcement. Trump's executive order includes ending the trade loophole that has benefited Chinese e-commerce platforms like Temu and Shein. The loophole allows duty-free shipments under $800, a key factor in their U.S. growth. Analysts warn the change could hinder Temu’s expansion and impact digital ad spending, as the company and Shein have been major advertisers on Meta’s platforms.