Chinese sellers on Amazon to hike prices or exit the US on Trump’s tariff blow - Association head

Wang Xin, the head of the Shenzhen Cross-Border E-Commerce Association, which represents more than 3,000 Amazon sellers, told Reuters on Thursday that Chinese companies that sell products on Amazon are considering hiking prices for the United States (US) or looking to find new markets due to a big blow from US President Donald Trump's tariffs.

Key quotes

• Tariffs make it very hard to survive in the US market.
• Some sellers still proceeding to ship the goods to the US, others trying to find new markets.
• US tariffs will lead to 'collapse' of more small and medium-sized businesses, rapidly accelerate China's unemployment rate.
• US tariffs are truly an 'unprecedented blow'.