President Trump has loosened the tariffs to 30% (down from 145%) as part of a plan to open the negotiations for a new trade deal. When I wrote about this last week, I said that Temu had a few options: shift to focusing on Europe or other markets, or ship to the US from other countries. For Sun Yang, who owns a business selling face- and body-painting tools such as brushes and color palettes on Temu’s online marketplace, the good news couldn’t come soon enough as he watched his inventory dwindle at warehouses in the US, which accounts for all of his sales.
Author: Katie Notopoulos
Published at: 2025-05-12 22:22:14
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