E-commerce platform Temu, best known for selling cheap products from China, announced it halted shipments to the U.S. Here's why.

Temu, a popular China-based e-tailer, halted shipments to the United States after President Donald Trump ended a trade loophole exempting low-value goods from tariffs. Temu has historically benefited from a provision called the “de minimis rule” that exempted goods worth $800 or less from tariffs.

A private gauge of China’s services sector signaled that activity slowed in April, as rising trade tension hurt new orders and market sentiment.

China’s services activity deteriorated more than expected in April, a private survey showed, the latest setback for an economy already under pressure from US tariffs.

China's services activity expanded at the slowest pace in seven months in April, with new orders growth slackening from March, weighed by uncertainty caused by U.S. tariffs, a private sector survey showed on Tuesday.