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Trump's 125% tariffs hit Chinese Amazon sellers hard, forcing them to raise prices or quit the US
After Trump raised tariffs on Chinese imports to 125% up from the current 104%, Wang Xin, the head of the Shenzhen Cross-Border E-Commerce Association, which represents more...
This is expected to have a significant impact on Chinese companies that sell products on Amazon, forcing them to either raise their prices for American consumers or exit the market entirely. Popular platforms Shein and Temu, known for selling virtually everything at low prices, will feel the impact of the de minimis exemption ending at midnight on May 1. Forever 21, which is winding down its US operations, attributed its decline to companies leveraging duty-free exemptions on low-cost Chinese imports to gain a pricing advantage.
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