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Temu owner’s shares drop as profits are cut in half by Trump tariffs — CEO blames ‘radical change’

Temu owner’s shares drop as profits are cut in half by Trump tariffs — CEO blames ‘radical change’

Temu’s business model has been hammered by President Trump’s tariffs, including his end to the de minimis exemption, which allowed overseas fast-fashion firms to ship low-value packages into the US duty-free.

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