'Tariff today, gone tomorrow' taking transpac box trade to the brink
Is Trump taking us back to tramp shipping?
Photo: © Marcos del Mazo | Dreamstime.com
By Alex Lennane
US consumers may find there is less choice come Christmas, after Amazon cancelled some orders from China scheduled for Q4.
As the US imposes tariffs of 125% on Chinese goods, Amazon has reportedly cancelled orders for items including scooters, beach chairs, and air conditioners, reports Gurufocus.
Bloomberg, meanwhile, says Amazon is eyeing a $15bn investment in a US warehouse network, which would help it avoid tariffs.
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