Temu suffers major loss as consumers change their tune

Chinese online marketplace Temu, which became famous for selling a wide range of products priced between $1 and $50, appears to be suffering the consequences of harsh decisions it made a few months ago in response to a growing threat.

In April, President Donald Trump made several crucial changes to his tariff policy (tariffs are taxes companies pay to import goods from overseas). He imposed a whopping 145% tariff on all goods imported from China.