Trump's Tariffs Are Already Causing Price Spikes on Amazon
Well, that didn't take long. Just a few weeks after President Donald Trump announced his aggressive tariffs, some China-based sellers on Amazon (NASDAQ: AMZN) have started increasing their prices -- sometimes significantly.While Trump said recently he's in talks with China to work out trade deals, the U.S.-imposed tariffs of 145% began earlier this month. Here's how they're impacting Amazon and why it's a problem for the e-commerce giant.It's an understatement to say that the 145% tariff on Chinese imports is bad news for Amazon. An estimated 60% of the products sold on its e-commerce platform are imported from countries across the globe, and Morningstar estimates that one-third of those imports come from China.Continue reading
Well, that didn't take long. Just a few weeks after President Donald Trump announced his aggressive tariffs, some China-based sellers on Amazon (NASDAQ: AMZN) have started increasing their prices -- sometimes significantly.
While Trump said recently he's in talks with China to work out trade deals, the U.S.-imposed tariffs of 145% began earlier this month. Here's how they're impacting Amazon and why it's a problem for the e-commerce giant.
It's an understatement to say that the 145% tariff on Chinese imports is bad news for Amazon. An estimated 60% of the products sold on its e-commerce platform are imported from countries across the globe, and Morningstar estimates that one-third of those imports come from China.
