Amazon Stock Falls After Trump Threatens Higher Tariffs

Published 1 month ago Neutral
Amazon Stock Falls After Trump Threatens Higher Tariffs
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Amazon.com shares fell about 4% Friday, after President Trump threatened to increase tariffs on Chinese goods. Over half of the products for sale on Amazon come from third-party sellers, many of these retailers source their products from Chinese factories. The company’s shares hit a 52-week low in April, following the President’s imposition of wide-ranging taxes on goods brought to the U.S. The company's shares have recovered since then, after Amazon’s online sales continued to grow despite the tariffs.

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