Jesse said that Amazon “is trying everything we are trying to keep prices as possible.” He said that Amazon has already purchased some strategic forward inventory so that more items can be obtained to get more items.
Seller: “You can’t trust the US market”
Reuters wrote to five Chinese sellers, “The three said they would see the United States to raise prices for their exports, while two intended to leave the market fully.”
The article states that Dave Fong sells products “from school bag to Bluetooth speaker” and has already increased prices in the United States by 30 %. “We can’t trust the US market, this is quite obvious,” Fong told Reuters. “We have to reduce investment, and have more resources in regions like Europe, Canada, Mexico and the rest of the world.”
The products already sent to Amazon’s completion centers in the United States temporarily soften the shock, but Brian Miller, a seller based in Shenzhen, “expected and other sellers would need to raise prices rapidly when the current inventory expires in a month or two.”
According to Reuters, “for children who sell for $ 20 on Amazon, which sells to his company for $ 3, it will now cost $ 7, including tariffs. Maintaining the margin will require a minimum price increase, and high price toys prices may see a 50 % increase.” Miller said that if prices are not changed, “manufacturing that serves the United States will have to move to other countries such as Vietnam or Mexico.”
Bloomberg Reported yesterday The Amazon “canceled orders for several products manufactured in China and other Asian countries.”