Trump tariffs triggering Chinese sellers on Amazon
Economist Steve Moore analyzes why President Donald Trump continues to put tariffs on Chinese imports in the “final results.”
Chinese sellers on Amazon’s market are considering whether to raise prices in the US or leave the market for the president entirely Donald Trump’s Chinese tariffs.
Deep Shenzhen Cross Border e-Commerce Association, Wang Xin’s long I told Reuters Calling Trump’s tariff plans an “unprecedented blow,” making it “very difficult” to “have everyone very difficult to survive in the US market.”
The Shenzhen Cross Border e-Commerce Association represents 3,000 Amazon sellers.
Staff prepare your orders at Amazon Fulfillment Center. (Matt Cardy / Getty Images / Getty Images)
Trump’s tariffs: Are tariffs imposed or suspended on major trading partners?
Fox Business reached out to Amazon for comment.
Wednesday, Trump Tariffs on Chinese imports have been raised to 125% In response to China directly, we will raise tariffs on American goods to 84%. The hike was carried out quickly due to Beijing’s “lack of respect,” Trump posted to the Truth Society.
Trump simultaneously gave all other countries a simple reprieve and announced it Mutual Tariffs Other countries will be suspended for 90 days, during which time the tariff rate for all US imports will be 10%.
Amazon Market According to Marketplace Pulse Research, it was primarily occupied by China-based sellers, which increased market share to more than 50% in 2024. Over half of the top sellers on the platform are Chinese sellers.
The Amazon packages are depicted in a delivery cart in Manhattan Borough, New York City. (Reuters/Carlo Alegri/Reuters photo)
Some Chinese sellers said Reuters is planning to raise prices, while the other two are trying to find a new market.
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One of them, Dave Fong, sells a variety of products, including school supplies and speakers, but has already raised prices by up to 30%, and plans to cut investment in the US.
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| amzn | Amazon.com Inc. | 184.02 | -7.08 |
-3.70% |
“For us and anyone else, you can’t rely on the US market. That’s very clear,” Fong told the outlet. “We need to reduce our investment and put more resources into regions such as Europe, Canada, Mexico and the rest of the world.”
Brian Miller, who has been selling on Amazon for seven years from deep Shenzhen, said he hasn’t seen a reason to develop new products in the current environment, and he and other sellers expect prices to be raised sharply when current stock runs out in a month or two.
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Children’s building blocks, sold on Amazon for $20, cost his company to produce $3. It currently costs $7, including customs duties. To maintain the margin, the price will need to be raised by at least 20%, and the prices of high-cost toys could increase by 50%, he said.
Reuters contributed to this report.