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Temu halts shipping direct from China as de minimis tariff loophole is cut off
PDDPDD(PDD) CNBC·2025-05-03 02:48

A package from Temu is seen in front of a screen with the Temu logo. (Photo by Nikos Pekiaridis/NurPhoto via Getty Images)The loophole expired Friday at 12:01 a.m. EDT as a result of an executive order signed by President Donald Trump in April . Trump briefly suspended the de minimis rule in February before reinstating the provision days later as customs officials struggled to process and collect tariffs on a mountain of low-value packages.Temu made a name for itself in the U.S. as a destination for ultra-d ...