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Temu, Pinduoduo's Overseas Edition, Adds Import Fees; Product Prices Spike 1x+
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In response to Donald Trump's tariff measures, Chinese e-commerce giant Pinduoduo (PDD.US)'s overseas e-commerce platform, Temu, has begun imposing an "import fee" of around 145%, increasing prices of some products by more than 1x. Temu explained on its website that goods imported to the US may be subject to import fees, which cover all customs-related procedures and costs. Due to changes in global trade rules and tariffs, the company had previously warned that prices would be raised. AAStocks Financial News |
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