Temu offsets tariffs with steep discounts for U.S. shoppers

Temu is ramping up its discounts to win back U.S. customers after its tariff-fueled retreat. The Chinese discounted online retailer is dropping prices further in an effort to gain lost ground. This month, Temu slashed at least two dozen of its best-selling products by 18% on average compared to prices in late April, Bloomberg reported. Some discounts are even as high as 60%. These price cuts come after Temu largely pulled back from the U.S. market, following President Donald Trump’s ban on the de minimis ...