Is Amazon in deep shit? I am reading in multiple places that 75% of their products are made in China. When the tariffs come...
🗣️ DISCUSSION 💬
https://www.foxbusiness.com/markets/amazon-americans-products
No wonder Bezos is kissing Trump's ass. Remember that Amazon doesn't actually produce anything.
Let's make stuff in America again.
That includes popcorn. And I need to go buy some more.
I know Amazon gets a bad rap because of Bezos and his shenanigans, however in my book they are pretty based.
Amazon itself has only 1 product series called Amazon Basics. Everything else you see on there are individuals sellers.
Amazon charges 15% if you use their platform to sell their product. This requires you to ship it and handle refunds. You can use their FBA(fulfilled by Amazon) program and they will store, pack, ship, deliver and even handle refunds. Thing is as close to an automatic or turnkey ecommerce business as you can get.
The problem comes were most sellers buy cheap chink shit from China via Alibaba(the biggest sourcing website in the world) and ship it to the amazon warehouses to make a quick buck.
I imagine with the tarrifs in place, all of these sellers can start working with American companies instead.
Amazon has several brands beyond Basics. Solimo, Wag, Mama Bear, Happy Belly and Goodthreads come to mind.
That is the problem. They cut out the US middlemen and those sellers are based in China so that's money going directly to China. It's never coming to the US.
There is nothing wrong with American importers who buy cheap things from other countries and resell them here, as long as they are Americans and the money stays in the US.
In the case of Amazon, that middleman IS Amazon
No... it's all sellers on amazon, Amazon is just the mall that gets the rent, the store owners aren't amazon.. what are you talking about?? Amazon is like Ebay, it's just a space for others to sell.
Yes, Amazon doesn't get any substantial part of the sale....that's why they're nowhere near the number 1 net worth corporation in the world /s