The customs duties on the goods imported from China to the goods imported from China continue to suppress the activities of Amazon and other technology companies by US President Donald Trump. The sellers, trying to win the time, increased the storage of the goods in the United States before entering into force of new duties. However, experts warn that these reserves are hardly enough for more than six months.
Amazon's head Andy Jessi noted that the company encourages the sellers to move the goods soon to the United States, keeping prices. Despite this, analysts claim that no matter how many sellers try to avoid high prices, they will not be able to prices or decrease profitability when storage resources are consumed. Suppliers working in the private sector already decide not to participate in the upcoming sales actions, including Amazon Prime Day. In addition, the growth of the income from the seller of third party has slowed down, reaching only 7%, which is practically one quarter of the company's income.
Amazon's shares have decreased by about 1%, and Apple's shares are almost 4%. The latter noted that customs duties may increase its quarterly expenses by Reurters.
