Temu is intensifying discounts in the U.S. to recover from a decline due to tariffs. Prices have been cut by up to 60%, following Trump’s de minimis tariff exemption expiration in May. Temu and Shein previously benefited from the exemption with cheap products under $800. Temu’s U.S. sales dropped over 30% in June. Meanwhile, Amazon’s stock price increased due to their absence.

Read more at Yahoo Finance: Temu offsets tariffs with steep discounts for U.S. shoppers