Amazon sellers raise prices after Trump's China tariff: ‘It's unsustainable' [CNBC]
Amazon.com, Inc. (AMZN)
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Source: CNBC
About 25% of price increases in recent weeks have come from sellers based in China, according to SmartScout data. Many U.S.-based sellers are looking for new suppliers in countries like Vietnam, Mexico and India. An Amazon employee works to fulfill same-day orders during Cyber Monday, one of the company's busiest days at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. For 10 years, Aaron Cordovez has been selling kitchen appliances on . Now he's in a bind, because most of his products are manufactured in China. Cordovez, co-founder of Zulay Kitchen, said his company is moving “as fast as we can” to move production to India, Mexico and other markets, where tariffs are increasing under , but are mild compared with the levies imposed on goods from China. That process will likely take at least a year or two to complete, he said. “We're making our inventory last as long as we can,” Cordovez said in an email. Zulay is also temporarily raising the price of
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