Shares of Chinese e-commerce giant PDD Holdings (PDD) are trading higher today despite news that unsafe items for kids can be found on its Temu and Shein websites, according to The Information.

Shein and Temu, two Chinese low-cost e-commerce websites, are the target of a proposed investigation by the United States government for selling “deadly baby and toddler products.” ...

China: major source of textiles, furniture, toys, and paint imports. The Commerce Department report stated that China was a major source of textiles, making up about 29.7% of the U.S. textile imports.

Of the $3.2 trillion the U.S. imported in 2022, 16.5% of that came from China, making it America's top supplier, ... Shein and Temu orders will no longer enjoy trade loophole after May 2.

Shein and Temu, two Chinese low-cost e-commerce websites, are the target of a proposed investigation by the United States government for selling “deadly baby and toddler products.” ...