Temu steers users to 'local' products after Trump shuts tax loophole

• Trump’s crackdown on trade loophole to hit Shein and Temu — and help Amazon

  Scrapping of ‘de minimis’ rules could slow deliveries and raise costs for Chinese groups, say analysts
  
  Financial Times - 1d

• Temu parent PDD's stock tumbles as Trump tariffs close trade loophole

  PDD-owned budget online retailer Temu and its rival Shein have relied on de minimis to maintain their rock bottom prices.
  
  CNBC - 2d
• 

  Trump tariffs take aim at trade loophole used by Chinese online retailers like Temu and Shein

  President Donald Trump’s tariffs against China, Canada and Mexico target a trade provision that helped fuel the explosive growth of budget online retailers, including Temu and Shein.
  
  NBC News - 2d

• Trump tariffs take aim at trade loophole used by Chinese online retailers like Temu and Shein

  President Donald Trump's tariffs against China, Canada and Mexico target a trade provision that helped spur the rise of low-cost retailers, including Temu and Shein.
  
  CNBC - 3d
• 

  TikTok thanks Trump after it begins restoring service to US users

  A ban in the United States initially began to take effect earlier Sunday.
  
  ABC News - Jan. 20

• TikTok Restoring Service for U.S. Users, After Trump Signals He Will Save It

  The president-elect said he will issue an executive order, and the app said it will work on a long-term solution with the incoming administration.
  
  The Wall Street Journal - Jan. 20

More from CNBC

• Ford beats earnings expectations but forecasts tougher year ahead

  Ford Motor beat Wall Street's top- and bottom-line expectations for the fourth quarter but forecast a tougher year ahead for the company.
  
  CNBC - 4h

• Trump sued over purge at NLRB, regulator targeted by SpaceX, Amazon and others

  The NLRB has come under fire from companies including Amazon and Elon Musk's SpaceX, who have argued that the labor board's structure is unconstitutional.
  
  CNBC - 3h

• India likely to cut benchmark rates for the first time in nearly five years as economy slows, inflation eases

  India is widely anticipated to cut its benchmark policy rate at the policy meeting concluding this Friday.
  
  CNBC - 1h

• Qualcomm tops estimates for earnings and revenue on strong smartphone demand

  Qualcomm reported first-quarter earnings Wednesday that beat consensus expectations on both the top and bottom line.
  
  CNBC - 3h

• Google scraps diversity 'aspirations,' citing role as federal contractor

  Google said it's been reevaluating diversity programs over the last year.
  
  CNBC - 2h

More in Business

• This stock fund is fully diversified from the S&P 500 — and pays high dividends

  Adding exposure away from the Magnificent Seven can lower your portfolio risk, and you can earn high dividend yields at the same time.
  
  MarketWatch - 24m

• Google is the latest tech giant to move away from DEI, as it weighs implications for federal contracts

  The decision marks the latest major corporate retreat from diversity, equity and inclusion practices.
  
  MarketWatch - 1h

• MicroStrategy raises another $600 million from preferred stock sales to buy bitcoin

  The company announced in its last earnings report a plan to raise $42 billion to buy bitcoin in three years. It’s already spent nearly half of that.
  
  MarketWatch - 1h

• Arm’s outlook doesn’t live up to the hype after the stock’s big rally this year

  Investors perhaps wanted more oomph in the forecast after Arm’s stock rose 40% to start 2025.
  
  MarketWatch - 1h

• Ford’s weak guidance sends automaker’s stock sliding

  Carmaker raises alarm with a light guidance for the year, saying profits will be marred by “headwinds related to market factors.”
  
  MarketWatch - 1h