Amazon sellers are hiking prices on hundreds of goods as tariffs bite
CBSN
American consumers are starting to feel the impact of President Trump's tariffs on Chinese imports, especially online.
Since the second week in April, sellers on Amazon have raised their prices on nearly 1,000 products, according to data from SmartScout, a price analysis software tool. The average price hike — nearly 30%.
Costs rose on a wide range of items, from tech accessories such as phone charges to women's clothing, SmartScout founder and CEO Scott Needham told CBS MoneyWatch. Anker, a top-selling brand on Amazon that sells mobile charging devices, has increased prices on roughly 25% of its products on the site, for example.
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