Temu and Shein drop US ad spending as they face tariffs on even small sales

Temu and Shein are cutting back their spending on US social media advertising as they lose an exemption on tariffs for many of their shipments from China and Hong Kong. The online e-tailers, both of which ship low-priced China-made goods direct to US shoppers, had been on an ad spree untilβ¦
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