Chinese Sellers On Amazon Panic After Trump’s Tariff Bazooka President Trump announced an increase in tariffs on Chinese imports to 125% on Wednesday afternoon, following the Chinese government’s move to raise tariffs on U.S. goods to 84%. So far, the Chinese Communist Party has not taken retaliatory action on the latest tariff round. These steep tariffs are poised to crush Chinese sellers that have long dominated Amazon’s marketplace by flooding the U.S. with cheap junk. Data from SmartScout shows that most of Amazon’s sellers are based in China. Over the years, Chinese sellers have figured out how to cut out intermediaries and use… — Continue at ZeroHedge News : Read More
