PDD's Temu app tops U.S. iOS downloads for second year running amid greater scrutiny of China companies
Publishing timestamp: 2024-12-17 07:06:02
Summary
Chinese apps like Temu and Shein are finding success in the U.S. market, but face increased scrutiny from U.S. officials and potential risks from tariffs under the incoming Trump administration. The Biden administration has proposed new measures to block certain import duty exemptions that could impact these companies. The uncertainty surrounding trade policies could have a significant impact on Chinese exports to the U.S.
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