Trump tariffs mean higher prices and big losses for Amazon sellers that source from China [MSNBC.com]
PUBLICIS GROUP SA S/ADR (PUBGY)
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Source: MSNBC.com
President Donald Trump’saggressive tariff policymayhemAmazonMany sellers on Amazon count on China for manufacturing and assembly due to lower costs and established infrastructure — up to 70% of goods on Amazon come from China, according to Wedbush Securities. With nearly all imports from China being taxed astaggering 145%Amazon CEO Andy Jassy on Thursdaytold Although Trump temporarily lowered tariffs on most countries to 10% on Wednesday, he doubled down on the huge tariffs on goods from China. Before the pause, average tariff rates under Trump were at the highest levelsince the Great DepressionJosianne Boisvert of Canadian-basedPortable Winch Co“We are questioning ourselves if we just move our focus to Europe,” Boisvert said. talked to several Amazon sellers to find out how the new tariffs are having an impact on their decisions about prices and where to manufacture.Price hikesIn a small warehouse in San Rafael, California, Dusty Kenney showed hundreds of boxes filled with herPrimaS
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