Temu's owner saw a nearly 40% profit slump, thanks in part to Trump's tariffs

03/28/2025, 12:25 AM
businessinsider.com

Temu's owner saw a nearly 40% profit slump, thanks in part to Trump's tariffs

Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images

PDD Holdings, owner of budget e-commerce platform Temu, reported a steep profit decline in the latest quarter, partly due to President Donald Trump's tariffs.

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