Reported 9 days ago
Amazon.com Inc. has abruptly canceled orders for various products such as beach chairs and scooters manufactured in China and other Asian countries, reportedly in response to the increased tariffs announced by President Trump on April 2. This unexpected move has caught vendors off guard, forcing them to deal with the financial repercussions of canceled orders. The cancellations highlight Amazon's strategy to minimize tariff exposure, as it typically imports products directly from suppliers, impacting approximately 40% of its sales.
Source: YAHOO