The U.S. Postal Service said it was temporarily suspending inbound parcels from China and Hong Kong, effective Tuesday

Amazon.com, Alibaba, and Temu parent PDD Holdings were among the e-commerce stocks tumbling on Wednesday after the U.S. Postal Service said it would temporarily suspend all inbound parcels from mainland China and Hong Kong.

Temu parent company PDD stock pared its losses after USPS said it would resume accepting packages from China.

Donald Trump announced tariffs on imports from Mexico, Canada and China, but has paused two of them while the other issued retaliations.

Last-minute phone calls pull the North American neighbours back from the brink of a trade war, but the US is still targeting Chinese imports.