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Shein and Temu see U.S. demand plunge on ‘de minimis' trade loophole closure By Karen Gilchrist, CNBC • Published June 5, 2025 • Updated on June 5, 2025 at 2:04 am BOOKMARKER ...
Shein also suffered a steep decline in US spending growth, cooling from 30% at the start of April to just 20% at the end. 4. Temu saw its spending growth among US customers plummet in April.
Low-cost e-commerce giants Temu and Shein have slowed significantly in the U.S. amid tariffs and the closure of the de minimis loophole. Temu's U.S. daily active users (DAUs) dropped 52% in May ...
Use of low-cost e-commerce giants Temu and Shein has slowed significantly in the key U.S. market amid President Donald Trump's tariffs on Chinese imports and the closure of the de minimis loophole ...