2nd May 2025
Amazon sellers are reeling amid Trump's 125% tariffs on Chinese goods, telling CNBC they will need to raise prices and could go out of business.
Up to 70% of goods on Amazon are imported from China.
Seven of the eight U.S.-based Amazon sellers CNBC talked to said that manufacturing in the U.S. isn't financially possible, despite tariffs.
One positive: Trump did close a loophole that was helping direct-from-China sellers on Temu and Shein undercut U.S. seller prices.
The "de minimis" exemption that allowed goods under $800 to avoid all taxes and duties will end on May 2.