Tariffs Mean Closing Business....Amazon What Are You Doing?
We've been selling unique imported tools, made of steel, from Europe for 10 years quite successfully. They are seasonal agricutural products. The almost zero-warning 25% steel tariff plus 10% reciprocal tariff mean we are closing shop this year....no more orders, no more sales on Amazon.com for a steady business year in and year out. Add in Amazon's disreputable low inventory fees and now reduced reimbursement amounts, the profit margins are not cause to stay in this business.
Amazon, what are you doing to lobby with our federal administration? While US manufacturing MAY eventually increase it won't be tomorrow. It won't bring quality products customers want.
We are talking to our supplier in Europe but why should they help rather than focus on their other worldwide markets. Our senior government official seems to listen only to his oligarchy of friends. Small businesses are not understood or cared about in the new order of things evolving. Business planning cannot be done as the policies are so erratic and who knows what many tomorrows will bring?
Just another but real life episode of The Apprentice? Not MAGA.
Tariffs Mean Closing Business....Amazon What Are You Doing?
We've been selling unique imported tools, made of steel, from Europe for 10 years quite successfully. They are seasonal agricutural products. The almost zero-warning 25% steel tariff plus 10% reciprocal tariff mean we are closing shop this year....no more orders, no more sales on Amazon.com for a steady business year in and year out. Add in Amazon's disreputable low inventory fees and now reduced reimbursement amounts, the profit margins are not cause to stay in this business.
Amazon, what are you doing to lobby with our federal administration? While US manufacturing MAY eventually increase it won't be tomorrow. It won't bring quality products customers want.
We are talking to our supplier in Europe but why should they help rather than focus on their other worldwide markets. Our senior government official seems to listen only to his oligarchy of friends. Small businesses are not understood or cared about in the new order of things evolving. Business planning cannot be done as the policies are so erratic and who knows what many tomorrows will bring?
Just another but real life episode of The Apprentice? Not MAGA.
2 replies
Seller_5ttu1AKpRj26d
in 2024, China-based sellers increased their market share to more than 50% on Amazon.
American sellers have dropped below 50% nearly two years ago. However, Chinese sellers have grown above 50% only recently, as there is a small percentage of sellers in other countries. Based on Marketplace Pulse research, Chinese sellers now represent more than 50% of the top sellers on Amazon.com, with U.S. sellers representing roughly 45% and the rest in the U.K., Canada, or other countries. China’s share of all active sellers is even higher. (Some international sellers incorporate in the U.S., so American sellers’ actual share is lower than 45%)
Amazon acknowledged the Chinese seller market share on its marketplace for the first time in the annual Form 10-K filing with the SEC in February 2024, calling it “significant.” However, it was significant years before Amazon called it out — their share has steadily increased for nearly a decade on Amazon.com in the U.S. and its other worldwide marketplaces.
Seller_iobipI6xASRkh
We have all of our products from overseas, one of which we own, and none of which can be moved because it is the brand, original factory almost 200 years old. I am not sweating it. Prices will go up some but remember this is not a final product value it is based on materials.
I would definitely suggest that you hold on and just raise prices when you need to, as you need to. With this, income taxes are planned to be massively lowered over the next 2 years and the US economy will have more spending power. You assume people won't buy your products with them being raised to compensate. I suggest you don't assume that. People want quality goods and providing such, even at a higher price point, doesn't mean the end of sales.
We have had to raise prices 25% over the last 2 years due to inflation alone and still have our customers. So, please, just have some faith in your customers.
