FILE PHOTO: The logo of Amazon is seen in the new warehouse during the official opening announcement, and on the outskirts of Mexico City, Mexico-July 30, 2019. REUTERS/Carlos Jasso
(Ap) – Amazon.com Inc. is required in order to raise prices in the United States, with approximately 2.1%-2.6%, on average, to compensate for the effects of the fresh rates are made by Trump administration, on a range of Chinese goods, and Bank of America Merrill Lynch analysts said.
The United States started to impose a 15% tariff on a variety of Chinese goods on Sunday, including shoes, smart watches, and flat-panel tvs, and the stepping up of the trade tension between the two countries.
Amazon would have to raise prices by 2.1%, on average, in their first-party marketplace, it’s to compensate for the impact, whereas a third-party marketplace, it’s average prices would have to go up by 2.6%, the School said in a note dated Sept. 3.
As a real estate broker, estimates the online furniture retailer Wayfair Inc. will also be required to hike in the average sales prices of 4.6%.
The school continues to rate in the Amazon, and Wayfair ‘neutral’.
Reporting Shradha Singh in Bengaluru; Editing by Saumyadeb Chakrabarty