Amazon Cancels Inventory Orders from China Amid Rising Tariffs"
Amazon Cancels Inventory Orders from China Amid Rising Tariffs”
Amazon cancels massive inventory order from China after 125% tariff raise but vendor forced to pay $500k fine
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Amazon has apparently canceled a massive inventory order from China and other Asian countries, allegedly leaving some vendors on the hook for massive amounts. Meanwhile, Elon Musk looks ‘rattled’ as he’s brutally trolled during gaming livestream from his private jet. The items in the inventory order apparently included beach chairs, scooters, and air conditioners, according to a document reviewed by Bloomberg.
Other orders placed in Vietnam and Thailand were also canceled. “China-based suppliers provide significant portions of our components and finished goods,” the company said while declining to comment on the canceled shipping orders.
The order cancellations came before Donald Trump announced that he would further increase the tariff on Chinese products to 125%, while in the same breath announcing a tariff hiatus, boosting a market that had faced intense pressure over the past five days.
It comes as Donald Trump is ‘at risk of serious health condition’ as photo shows stark change
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