Amazon sellers increase the prices of the best -selling items to get ahead of President Donald Trump's trade policies. The SmartScout electronic commerce software company has followed 930 products on Amazon which have increased prices since April 9, with an average leap of 29%.
Trump issued an import duties of 145% for goods imported from China and admitted Wednesday that his administration was “Actively” Talking with China a potential agreement to reduce prices. The Chinese Ministry of Commerce spokesman, Iodang, rejected the president's allegations that US-Chinese Tariff negotiations were taking place.
Amazon sellers increase prices in the middle of Trump's trade war
Amazon revealed that its merchants increased the prices of the best -selling items when they fight higher import costs caused by Trump's samples. The SmartScout e -commerce company has followed 930 products on Amazon, which have seen prices at an average increase of 29% since April 9.
The electronic commerce company also noted that price increases affected a range of categories, including clothing, jewelry, household items, office supplies, electronics and toys. Amazon has revealed that the trade war with China has threatened sellers on its third -party market, which represents around 60% of the company's online sales. The company has noted that many traders are based in China or rely on the second world economy to source and assemble their products.
Amazon has acknowledged that its sellers are now faced with the dilemma of price increases or taking additional costs associated with Trump's new prices. The CEO of the company, Andy Jassy, said that the company was “I will try to do everything we can” To maintain low prices for buyers, including the renegency of conditions with some of its suppliers. Jassy also added that some third -party sellers “Need to pass this cost” tariffs on consumers.
The company's equity prices have dropped by 15% so far this year and will also publish the profits from the first quarter next week.
The CEO of Smartscout, Scott Needham, noted that around 25% of the price increases it has observed have been launched by sellers based in China. He also pointed out that last week, the manufacturer of stainless steel jewelry Ursteel increased prices in four of its $ 6.50 dresses. Needham added that the Chouyatou clothing brand has also increased the price of some of its $ 2 dresses.
The Electronic Commerce company has also noted that the Chinese electronics brand Anker, which is one of Amazon's largest sellers, has increased prices on one fifth of its products sold in the United States, the company said that Anker had increased prices on a portable electricity bank from $ 110 to $ 135.
Amazon refrains from penalizing merchants to increase prices
Some Amazon sellers recently received penalties on their Amazon lists after having increased their prices to compensate for the additional costs of President Trump's pricing war. Penalties include Amazon by removing the “add to basket” buttons or “buy” on the merchant's products pages, which sellers use to make purchases.
Amazon spokesperson Jessica Martin argued that the company's pricing policies had not changed, and the way she determines how the products become eligible for the purchase box, now known as the feat of feature. The penalties were lifted a week and a half after Jassy argued that he thought that Amazon sellers would try to “Pass this cost” to customers and that he would understand if they did.
“The sellers have set their own prices, and we regularly monitor how we highlight the advantageous prices as a star offer to provide customers with a wide selection.”
~ Jessica Martin, spokesperson for Amazon.
Some of the best sellers said The fortune that the company has reversed this week and allowed them now to increase prices, without penalty, up to 25%. The companies affected complained that the sanction was unfair because, without increasing prices, they could face significant financial setbacks.
A CEO of a home furnishings that sells $ 50 million to $ 100 million in online products on Amazon, said “We have recovered almost all of our purchasing boxes. The CEO of home furnishings, which requested anonymity, said that the purchase box had returned Most of its items on Monday.
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