Business · Companies · 2 hrs ago

Temu and JD.com adjust as tariffs make low-cost imports less attractive

Temu and JD.com adjust as tariffs make low-cost imports less attractive

Chinese shopping platforms Temu and JD.com are changing their business models as tariffs challenge their low-cost approach.

The pressure comes as the European Union and other places change exemptions for low-value imports.

These exemptions, known as de minimis rules, can affect whether small international shipments face duties.

As levies raise prices, some discount platforms are losing customers.

In Europe, some shoppers say Joybuy prices beat Amazon's, while others say Amazon is the only place selling the items they want.

The changes make it harder for low-cost retailers to compete on price, but no further steps are specified.

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