In the ongoing trade war with China, Amazon in particular faces a tough road ahead.
That’s not to say tariffs will single-handedly bring down the ecommerce giant—CEO Jeff Bezos has done a pretty good job diversifying—but the small businesses responsible for 58% of Amazon’s physical gross merchandise sales in 2018 rely heavily on Chinese manufacturing.
In a series of tweets on August 1, President Donald Trump said the U.S. will add a 10% tariff on $300 billion worth of goods from China starting September 1.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in