Temu And Shein To Raise Prices Amid US Tariffs, Slash Ad Spend On Apple, Meta – PDD Holdings ( NASDAQ:PDD )

Temu and Shein to raise prices starting April 25, shifting tariff burden onto consumers as U.S. tariffs on Chinese goods increase. Temu cuts U.S. ad spend and sees sharp decline in App Store rankings, while facing impact of 145% tariff on Chinese imports.