How Will the Coming Tariffs Affect Sellers?

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Last Monday evening released a new list of about $300 billion in Chinese goods that President Trump has said he’s contemplating hitting with tariffs as high as 25%.  And, last week, the Trump raised tariffs to 25% from 10% on over $200 billion worth of Chinese products. China then retaliated on Monday by raising tariffs on about $60 billion of U.S. goods.

This means that prices will be going up on affected products that include many of the top sellers on sites like Amazon.

These will partially include:

  • Clothing & accessories (incl jewelry)
  • shoes (including sneakers)
  • Sporting Goods
  • electronics
  • Meat
  • Fish & seafood
  • electronic accessories (Cellphone Cases, earbuds, Bluetooth
  • ,etc.).
  • Some chemicals
  • Bicycle helmets
  • and more

Retail analysts expect that brick and mortar stores will be the hardest hit with online shopping affected minimally –although they will be affected also –just to a somewhat lesser extent.  The reason is that online sellers have much lower overhead than traditional stores and can adjust prices more easily.

The tariffs hit as the US and China are engaging in continued trade talks, and negotiations taking place in both the US and China.

 

 

6 Comments

  1. Hey,
    Great Blog! Clear and very informative. I really like the way you have explained Each and everything in Detail.
    Thank you for sharing it looking forward to reading more Blogs from you.
    Thanks and Regards
    Kamaljit Singh

  2. Hello Skip. do you have any idea if the Chinese sellers who sell on amazon Prime have to pay the tariffs? That has been concerning me. My shipment last time with the new additional tariffs cost me an extra $1000. It will be even worse if Trump imposes the next higher percentage. I have just wondered if the Chinese sellers on amazon have to pay it also. Thanks for your updates..

    1. Author

      Everryone (including Chinese sellers)will be subject to the new tariffs.

  3. I think Chinese tariffs should equal US tariffs. I have never thought it fair Chinese tariffs were so low while ours was so high. I think it is harder for Americans to sell their products with the scale so imbalanced in favor of Chinese goods.

  4. We are seeing alot of tariff fraud from our competitors while we obey the rules and pay the higher costs. What we are seeing is our competitors putting their products in a tariff code that absolutely doesnt make sense in order to be in a lower tariff bracket. I honestly hope Trump tariffs everything at 25% from China to level the playing field.

    1. Author

      I know Amazon is working on this but its a complex issue and will take some time to solve
      Skip

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