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Amazon Sellers Raise Prices Amid Trump’s Renewed China Tariffs
Amazon Sellers Raise Prices Amid Trump’s Renewed China Tariffs
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Amazon sellers are increasing prices on top-selling items as they brace for the impact of President Donald Trump’s latest trade policies. E-commerce analytics firm SmartScout tracked 930 products with an average price hike of 29% since April 9.
The Trump administration imposed 145% import duties on Chinese goods while simultaneously engaging in talks to potentially reduce tariffs. China’s Ministry of Commerce spokesperson He Yodang denied claims of ongoing negotiations between the two nations.
Merchants on Amazon’s marketplace are adjusting their pricing strategies to offset rising import costs. The e-commerce giant confirmed these market movements as sellers attempt to mitigate the financial impact of the trade war’s latest developments.
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