Amazon Sellers Hike Prices On Essentials As Trump China Tariffs Squeeze Margins
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Amazon sellers have increased prices on essentials due to tariffs imposed by President Trump, which have squeezed their profit margins. Price hikes average 29% across 930 tracked products, with 25% of increases from Chinese sellers. Amazon's stock has dropped 15% in 2021, and the company is exploring ways to keep prices affordable while facing rising import duties of 145%. Many sellers are shifting stock to Canada in response to the tariffs. Amazon's stock was down 0.10% at $186.43 recently.
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Source: Benzinga The copyright of this article belongs to the original author/organization.
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