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Benzinga
Benzinga
Business
Kaustubh Bagalkote

Amazon Rival Temu Feels The Heat As Trump Kills De Minimis Loophole—Ends Free Ride For 1.3 Billion Parcels

Temu shutterstock_2297594373

President Donald Trump eliminated the global “de minimis exemption” last week, ending duty-free treatment for packages worth $800 or less entering the United States.

The sweeping trade policy change targets Chinese e-commerce platforms, including PDD Holdings Inc. (NASDAQ:PDD)-owned Temu, Shein, and Amazon.com Inc. (NASDAQ:AMZN) marketplace sellers, affecting 1.36 billion packages annually.

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