Biden Administration Cracks Down on Cheap Shipping "Loophole." How Could It Impact PDD Holdings Stock?

Cheap products are flowing into the American market from abroad, and the company is a major shipper.Do you shop at Temu? For those who don't, or might generally be unfamiliar, it's been the hot e-commerce portal of recent times. It's a site with a seemingly endless variety of products, from soup ladles to office furniture, with prices that are usually much lower than comparable goods bought elsewhere. It's the great success story of its developer and owner, China-based PDD Holdings (PDD 4.62%).But success l ...