Temu parent’s stock drops as end of ‘de minimis’ import rule comes at a cost

Site SearchClearSEARCHAdvanced Search ➔Search ResultsSymbolsNo results foundAll NewsArticlesVideoPodcasts0 ResultsNo Results FoundAuthorsNo results foundSectionsNo results foundColumnsNo results found Earnings ResultsTemu parent’s stock drops as end of ‘de minimis’ import rule comes at a costPDD’s profit and revenue fall below expectations, as investments to deal with supply-chain changes take a tollPublished: March 25, 2026 at 8:15 a.m. ETShareResizeListen(2 min)Temu parent PDD's stock falls after earnings miss expectations. Photo: AFP via Getty ImagesThe U.S.-listed shares of China-based PDD Holdings fell in early Wednesday trading, after the parent of discount e-commerce giant Temu missed earnings expectations, citing investments needed to deal with supply-chain issues.The issues include U.S.

President Donald Trump’s ending the “de minimis” exemption, which allowed imported goods with a value of under $800 to be excluded from customs and tariffs. That change hurt sales for big discounters out of China, like Temu and rival Shein. About the Author Tomi KilgoreTomi Kilgore is MarketWatch's Managing Editor, Companies, and is based in New York. You can follow him on Twitter @TomiKilgore.Show Conversation (0) Back To TopA Dow Jones CompanyCopyright © 2026 MarketWatch, Inc. All rights reserved.Terms of UsePrivacy NoticeCookie NoticeArchive MarketwatchCustomer CenterContact UsNewslettersNewsroom RosterVirtual Stock ExchangeMarketWatch GuidesCopyright PolicyManage NotificationsCancel My SubscriptionCompanyDow JonesCode of ConductCorrectionsReprints & LicensingDigital Self ServiceYour Ad ChoicesCorporate SubscriptionsAccessibilityDow Jones NetworkThe Wall Street JournalBarron'sInvestor's Business DailyFinancial News Londonrealtor.comMansion GlobalDow Jones Smart MoneyIntraday Data provided by FACTSET and subject to terms of use. Historical and current end-of-day data provided by FACTSET. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.