Amazon sellers opt out of Prime Day sales event as Trump tariffs squeeze profit margins: report

Amazon sellers are opting out of Prime Day this year, unable to offer steep discounts across their online storefronts as they face uncertainty over President Trump’s tariffs, according to a report.Some merchants who manufacture products in China are sitting out the mid-July shopping event as Trump’s 145% tariff on Beijing hammers their profit margins, according to a Reuters report based on interviews with four merchants and six consultants collectively advising hundreds of sellers.“Amazon will be fine, but ...