In February, President Donald Trump first imposed 25% additional tariffs on Canada and Mexico and subsequently paused the move by 30 days. Trump also scrapped a duty-free exemption for small parcels, known as de minimis, but reinstated it until the Commerce Department has a proper system in place to collect tariff revenue per an executive order.
While the holiday season may have been a bright spot for the retail industry, the past few weeks have become a game of Whack-a-Mole for many companies.
Executives from three agencies that work with e-commerce brands selling across platforms like Amazon, Shopify, and TikTok Shop said the impact of policy changes on e-commerce remains uncertain. But overall, prices of some items sold online may go up, as Trump tries to influence global supply chains.
The way Vinny O’Brien, producer and consultant at e-commerce agency RMW Commerce, sees it, the initial enthusiasm for Trump’s presidency and its promised business-friendly approach has quickly turned to uncertainty.
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