April 9 - Amazon (AMZN, Financial) has canceled several inventory orders from Chinese suppliers following the implementation of steep U.S. tariffs, according to Bloomberg report.
The canceled shipments include consumer products like scooters, beach chairs, and air conditioners. The move comes as the Trump administration's new 104% tariff package on Chinese imports takes effect, putting added pressure on global supply chains. In 2024, the U.S. imported close to $440 billion in goods from China, much of it consumer merchandise.
Bank of America analysts noted in a research note Wednesday that the company's sales brushed off the 2018 tariff rounds, but the broader 2025 measures present a “new ballgame” for cost structures and logistics. The firm lowered its price target on Amazon from $257 to $225.
Bloomberg also reported that Amazon is considering a $15 billion investment to expand its U.S.-based warehouse network, likely to reduce reliance on overseas inventory flows.
