Chinese Companies To Quit Amazon Or Hike US Prices

Reuters reports:

Chinese companies that sell products on Amazon are preparing to hike prices for the U.S. or quit that market due to the “unprecedented blow” from President Donald Trump’s tariff hikes, the head of China’s largest e-commerce association said.

Trump said on Wednesday he would raise tariffs on Chinese imports to 125 per cent from the 104 per cent level already in effect, escalating the high-stakes confrontation between the world’s two largest economies.

“This isn’t just a tax issue, it’s that the entire cost structure gets entirely overwhelmed,” said Wang Xin, the head of the Shenzhen Cross-Border E-Commerce Association, which represents more than 3,000 Amazon sellers.

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What say you Jeff Bezos? Are you getting your money’s worth out of that inauguration donation?

Exclusive: Chinese sellers on Amazon to hike prices or exit US as tariffs soar, association says – www.reuters.com/technology/c…

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— Christina Parks (@chrisparks73.bsky.social) April 9, 2025 at 11:37 PM