Exclusive: Chinese sellers on Amazon to hike prices or exit US as tariffs soar
Exclusive: Chinese sellers on Amazon to hike prices or exit US as tariffs soar
Chinese are preparing to hike prices for the U.S. or quit that market due to President Donald Trump's unprecedented tariff hikes, sellers and the head of China's largest e-commerce association said.
Trump said on Wednesday he would raise tariffs on Chinese imports to 125% from the 104% level already in effect, escalating the high-stakes confrontation between the two world's largest economies.
