Amazon sellers are hiking prices on hundreds of goods as tariffs bite [View all]
Source: CBS News
Updated on: April 25, 2025 / 5:21 PM EDT
American consumers are starting to feel the impact of President Trump's tariffs on Chinese imports, especially online. Since the second week in April, sellers on Amazon have raised their prices on nearly 1,000 products, according to data from SmartScout, a price analysis software tool. The average price hike — nearly 30%, according to the company's analysis.
Costs rose on a wide range of items, from tech accessories such as phone chargers to women's clothing, SmartScout founder and CEO Scott Needham told CBS MoneyWatch. Anker, a top-selling brand on Amazon that sells mobile charging devices, has increased prices on roughly 25% of its products on the site, for example. "It's one of first concerted efforts I've seen where nothing explains the price hikes other than tariffs," Needham said.
Tariffs are paid by importers, and they typically pass on much or even all of those additional costs to consumers. Amazon CEO Andrew Jassy told CNBC earlier this month that he expected U.S. tariffs to boost prices on a host of consumer goods.
The Trump administration has imposed tariffs of as much as 145% on Chinese imports, while China has retaliated with levies of 125% on U.S. goods entering the country. Mr. Trump has long accused China of unfair trade practices, saying that tariffs will reinvigorate the domestic manufacturing sector and spur economic growth.
Read more: https://www.cbsnews.com/news/amazon-prices-rising-trump-tariffs-temu-shein/
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