Amazon's Chinese sellers to raise prices or quit US market as tariffs hit 145%
a year ago
- #Amazon
- #Tariffs
- #US-China Trade
- Chinese companies selling on Amazon may raise prices or exit the US market due to Trump's tariffs.
- Tariffs have increased to 125% on Chinese imports, with an additional 20% for fentanyl-related products, totaling 145%.
- The Shenzhen Cross-Border E-Commerce Association warns of survival challenges due to overwhelmed cost structures and potential customs delays.
- Amazon CEO Andy Jassy anticipates that sellers will pass the increased costs onto US consumers.
- Amazon declined to comment on the tariffs' impact on Chinese sellers when approached by Ars.