$Amazon.com(AMZN)$ may get hammered by tariffs.
The company now relies on 3rd party retailers, which takes the pricing decisions and impact of tariffs out of Amazon's control. And if it's true that 71% of supply comes from China (125% tariff), it may be Amazon where we see prices soar in just the next few days.
Don't forget that the de minimus loophole is also closed, so getting around tariffs isn't as easy as it was a few days ago.
Image
What a wild last few days, but the volatility likely isn't over.
1. Tariffs are delayed, not lifted.
2. Chinese tariffs are now 125%.
3. We don't have economic data or earnings yet.
Big earnings season ahead.
For whom haven't open CBA can know more from below:
🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!
Find out more here:
Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
Comments