Amazon.com Inc. (NASDAQ: AMZN) has suspended orders for a variety of products manufactured in China and other Asian countries.
This decision is seen as an attempt by the retail giant to mitigate its exposure to tariffs recently imposed by President Donald Trump, according to a document reviewed by Bloomberg and sources familiar with the situation.
Vendors Affected by Cancellations After Tariff Announcement
The cancellations, which affected goods such as beach chairs, scooters, and air conditioners, were implemented after Trump’s April 2 announcement that tariffs would be levied on imports from over 180 countries and territories, including China, Vietnam, and Thailand. Vendors, especially those in China, were left scrambling as the order cancellations were sudden and without clear explanation, with many speculating that the move was directly related to the new tariffs.
Lack of Clarity on the Full Impact of Cancellations
While the full extent of the cancellations and the range of affected products remain unclear, one vendor, who has been supplying beach chairs from China for over ten years, reported receiving an email from Amazon last week. The email stated that certain purchase orders, including those for beach chairs, were made “in error” and requested that they not be shipped. Importantly, the email did not mention tariffs as the reason for the cancellations.
Alexander Stefanov
Reporter at Coindoo
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Source: https://coindoo.com/amazon-suspends-orders-from-china-amid-u-s-tariffs-concerns/