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Dropshippers reel from Trump's tariffs gut punch: ‘Profit margins have now been slashed' [CNBC]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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globally, companies that rely on open trade between China and the U.S. are among the most susceptible to becoming collateral damage Temu and Shein aren't the only companies that will be disrupted by a trade war between the U.S. and China. Many other small and medium-sized businesses, such as those involved in dropshipping, will also be affected. “At the moment, we're seeing about a 33% decrease in revenue,” said Kamil Sattar. The 25-year-old runs a dropshipping business with online stores that sell items such as outerwear, mobile accessories and more. Dropshipping is a type of e-commerce fulfillment method where sellers process orders by passing them to suppliers, who then ship the products directly to the customers. This often involves buying items sourced from Chinese suppliers or manufacturers and selling to the U.S. or other developed markets. This ultimately eliminates the need for sellers to carry their own inventory. “You're able to sell products online, but you don't h
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