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Fortune
Fortune
Jason Del Rey

Temu’s owner sheds billions in value over fears about a little-known element in Trump’s trade crackdown

(Credit: Jonathan Raa—NurPhoto/Getty Images)

Those bargain-basement prices on Temu and Shein might soon be getting pricier.

President Trump’s new executive order placing significant tariffs on goods imported from Canada, Mexico, and China, contains a less talked-about change that could upend online shopping for U.S. consumers and roil the cost structure and operations of fast-growing global shopping phenoms Shein and Temu.

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