financetom
Technology
financetom
/
Technology
/
Chinese electronics company Anker starts raising prices on Amazon
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Chinese electronics company Anker starts raising prices on Amazon
Apr 11, 2025 2:31 AM

SHENZHEN, China (Reuters) - China's Anker, one of Amazon's ( AMZN ) largest sellers offering products from power banks to phone cases, has raised prices on a fifth of its products on the U.S. platform since Thursday, in a sign that tariffs on Chinese goods are being passed on to U.S. shoppers.

Some 127 Anker products have seen an average increase of 18% since Thursday last week, with the majority of those occurring after Monday, April 7, when U.S. President Donald Trump added an extra 50% import duty on Chinese goods, according to data from e-commerce services provider SmartScout.

U.S. import tariffs on Chinese products now stand at 145%. Beijing on Friday raised its tariff on U.S. goods to 125%, as a trade war between the world's top two economies intensifies.

Anker and Amazon ( AMZN ) did not immediately respond to requests for comment.

The move follows warnings from China's largest cross-border e-commerce association that many Chinese companies that sell products on Amazon ( AMZN ) are preparing to hike prices for the U.S. or quit the market due to the tariffs.

"It's the most concerted effort (to raise prices) I've seen across any brand," said Scott Needham, SmartScout's founder.

Anker, which has 5,000 employees and annual revenues of 22.17 billion yuan ($3 billion), has become a major seller on Amazon ( AMZN ) since being founded by a former Google software engineer in 2011.

On a call with investors on Monday, Anker said that it was able to raise prices as it had bargaining power and because its rivals were mainly Chinese and under similar tariff pressure, but did not provide specifics.

It also said it would explore non-U.S. markets like Europe and Southeast Asia.

($1 = 7.3218 Chinese yuan renminbi)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US FCC approves two T-Mobile deals after wireless carrier drops DEI programs
US FCC approves two T-Mobile deals after wireless carrier drops DEI programs
Jul 11, 2025
WASHINGTON, July 11 (Reuters) - The U.S. Federal Communications Commission has approved two T-Mobile deals that would expand the wireless carrier's network, the commission said on Friday, after the company ended its diversity, equity and inclusion programs under pressure from President Donald Trump's administration. T-Mobile was allowed to buy almost all of regional carrier United States Cellular's ( USM )...
Malaysia says trade permit required for AI chips of U.S. origin
Malaysia says trade permit required for AI chips of U.S. origin
Jul 13, 2025
KUALA LUMPUR (Reuters) -Malaysia's trade ministry said on Monday that the export, transshipment and transit of high-performance artificial intelligence chips of U.S. origin will be subject to a trade permit, effective immediately.  Individuals or companies are required to notify authorities at least 30 days in advance when exporting, transhipping, or bringing in transit any item that is not expressly listed on...
Stellar Performance From XLM as It Posts Top 24H Percentage Gain Among Top 20 Cryptos
Stellar Performance From XLM as It Posts Top 24H Percentage Gain Among Top 20 Cryptos
Jul 12, 2025
On June 11, PayPal ( PYPL ) announced plans to launch its U.S. dollar-backed stablecoin, PayPal USD (PYUSD), on the Stellar blockchain network, pending regulatory approval from the New York State Department of Financial Services. If approved, the move would mark the expansion of PYUSD beyond its current availability on Ethereum and Solana. PayPal ( PYPL ) described Stellar as...
Gold price declines affected by its current resistance -Analysis-14-07-2025
Gold price declines affected by its current resistance -Analysis-14-07-2025
Jul 13, 2025
The (Gold) price decline in its last intraday trading, after reaching the key resistance at $3,365, which represents our target in the end of the last week trading, this decline came as a part of a natural gathering gains process after a strong bullish wave, amid the continuation of the bullish trend on the short-term basis and the trading alongside...
Copyright 2023-2026 - www.financetom.com All Rights Reserved