Amazon and Temu's owner sees stock-market pressure as U.S. Postal Service to stop accepting Chinese parcels

Shares of Amazon.com and PDD Holdings, the owner of popular Chinese shopping app Temu, fell on Wednesday after the U.S. Postal Service said it would stop accepting parcels from China and Hong Kong.The move comes after the U.S. imposed an additional 10% tariff on Chinese goods, and importantly, ended a customs exception for small-value parcels under $800 to enter the U.S. without paying tax. ...