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Chinese sellers on Amazon to hike prices or exit US as tariffs soar, association says
Economic Times
·
4m ago
Medial
Chinese sellers on Amazon face challenges due to increased U.S. tariffs, announced by President Trump, escalating economic tensions. The head of China's largest e-commerce association, Wang Xin, indicates this is not just a tax issue, but a significant cost barrier, making U.S. market survival difficult. Consequently, Chinese sellers plan to hike prices or exit the market, potentially affecting small enterprises and manufacturers in China and increasing unemployment.
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Chinese electronics company Anker starts raising prices on Amazon
Economic Times
·
3m ago
Medial
Chinese electronics company Anker has increased prices on one-fifth of its products sold on Amazon in the U.S., reflecting the impact of increased tariffs on Chinese goods. Following President Trump's additional import duties, Anker's product prices have risen by an average of 18%. This move is part of a broader trend as Chinese companies on Amazon raise prices or leave the U.S. market due to tariffs. Anker plans to explore markets in Europe and Southeast Asia.
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Amazon plans discount store in US to fight China's Temu and Shein: report
Economic Times
·
1y ago
Medial
Ecommerce giant Amazon is reportedly planning to launch a dedicated section for affordable fashion and lifestyle products on its US website. The move is seen as a response to competition from Chinese ecommerce companies, such as Temu and Shein, which have gained popularity in the US market due to their low prices. Amazon aims to directly ship these low-cost items from China to US consumers within 9 to 11 days. The new section will feature unbranded items priced below $20 and will allow Chinese sellers to trial new products in the US market.
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Apple expects $900 million tariff hit, Amazon sees no impact yet
Economic Times
·
3m ago
Medial
Apple and Amazon exceeded earnings expectations in the face of US tariff impacts, with Apple foreseeing a $900 million cost increase and relying more on India and Vietnam for product sourcing. The company’s litigations may affect future revenue. Apple plans significant US investments. Amazon's CEO assured stable prices, preparing for potential tariff challenges with 2 million merchants. A tax loophole for foreign sellers ended, affecting imports from China amid changes in US tariffs.
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Microsoft raises Xbox prices globally, following Sony
Economic Times
·
3m ago
Medial
Microsoft is increasing Xbox console prices globally, similar to Sony's recent PlayStation 5 price hike. The decision reflects market conditions and rising development costs, partly influenced by U.S. tariffs on Chinese products. The Xbox Series S price will increase by 27% in the U.S., while the premium Series X will see a 22% rise. New games from Microsoft-owned studios will also cost more. Sony raised PlayStation 5 prices in certain markets earlier.
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US tariffs on Chinese imports: Indian toy makers keen to leverage 'golden opportunity'
YourStory
·
3m ago
Medial
India's toy exporters are poised to capitalize on the US's steep tariffs on Chinese imports. This has increased interest from American buyers seeking alternatives to Chinese goods, presenting a "golden opportunity" for India. The Toy Association of India has identified 40 firms with export potential to the US market alongside compliance capabilities. As current exports are minimal, this shift could significantly expand India's presence in the US toy market, which is poised for growth.
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Amazon made $1 billion through secret price raising algorithms: FTC
Economic Times
·
1y ago
Medial
The Federal Trade Commission (FTC) has accused Amazon of employing illegal strategies to maintain dominance in online retail while increasing prices for consumers and extracting more revenue from independent sellers. The FTC alleged that Amazon deliberately raised prices by over $1 billion using a secret algorithm called "Project Nessie." Amazon monitored sellers and penalized them for offering lower prices on other platforms. The lawsuit claims that Amazon wields monopoly power and uses anticompetitive strategies. Amazon defended its pricing tool, saying it stopped using Nessie several years ago.
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US judge sets October 2026 trial for FTC antitrust suit against Amazon
Economic Times
·
1y ago
Medial
A US federal judge has scheduled an October 2026 trial date for the Federal Trade Commission's (FTC) antitrust lawsuit against Amazon. The lawsuit, filed in September, accuses Amazon of operating an illegal monopoly and hindering sellers from offering products at lower prices on other platforms. The FTC is seeking a permanent injunction to cease Amazon's alleged unlawful conduct. Amazon had requested dismissal of the suit, asserting that the FTC misunderstood common retail practices. The FTC claims that Amazon used undisclosed strategies, including a pricing algorithm called "Project Nessie," which allegedly raised prices by over $1 billion for US households.
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US sues Amazon for breaking antitrust law and harming consumers
Economic Times
·
1y ago
Medial
The US Federal Trade Commission has filed an antitrust lawsuit against Amazon, accusing the e-commerce giant of harming consumers with higher prices. The lawsuit claims that Amazon's actions prevent rivals and sellers from lowering prices, degrade quality for shoppers, overcharge sellers, stifle innovation, and hinder fair competition. The lawsuit comes after years of complaints about Big Tech's dominance of the internet. The FTC is seeking a permanent injunction to stop Amazon's alleged unlawful conduct. Several state attorneys general have joined the lawsuit.
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Amazon will let sellers paste a link so AI can make a product page
The Verge
·
1y ago
Medial
Amazon is introducing a new AI feature that allows sellers to easily create product pages by simply pasting a link. The generative AI technology will extract information from the seller's external website and automatically generate a product page on Amazon, complete with a description and images. This aims to streamline the process of bringing products from outside sources onto Amazon's platform. However, Amazon emphasizes that sellers must have legal rights or ownership of the linked content to avoid potential legal issues. The feature is currently rolling out to US sellers.
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Amazon responsible for hazardous products sold by third-party sellers on platform, CPSC says
Economic Times
·
1y ago
Medial
The US Consumer Product Safety Commission (CPSC) has declared that Amazon is legally responsible for hazardous products sold by third-party sellers on its platform under federal safety law. The CPSC has ordered Amazon to propose plans to notify consumers about the dangerous products and remove them from homes through returns or destruction. Over 400,000 products, including faulty carbon monoxide detectors and non-compliant children's sleepwear, are subject to this order. Amazon, as a distributor of these products listed on their website, has not yet responded to requests for comment.
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