Temu, which ships cheap goods from China, first entered the U.S. market in 2022.
As the likes of Temu and Shein attract American consumers with cheap goods and aggressive advertising, they have also caught the attention of Washington.
U.S. officials are not the only ones concerned about Chinese imports flooding their domestic markets.
In Southeast Asia, Vietnam and Indonesia have imposed a range of anti-dumping tariffs on Chinese goods, while Thailand recently announced measures to monitor cheap imports.
Nomura estimates a U.S. ban on all de minimis imports from China could reduce the latter's annual export growth by 1.3% and drag GDP growth down by 0.2%.
Persons:
Trump, ByteDance's TikTok, China's PDD, Biden, Donald Trump's, Nomura
Organizations:
Amazon, China's, China's PDD Holdings, iOS, CNBC
Locations:
China, U.S, StatCounter, Washington, Southeast Asia, Vietnam, Indonesia, Thailand