Shares of Temu parent company PDD Holdings (PDD) fell on Friday morning after the Biden administration targeted Chinese retailers' alleged abuse of a US trade loophole. Alibaba (BABA) and JD.com (JD) shares are also under pressure, while US-based online retailer Etsy (ETSY) is seeing gains.

Morning Brief Hosts Seana Smith and Brad Smith discuss the impact on digital retailers and what it means for investors.

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This post was written by Naomi Buchanan.