Saturday, 18 September 2021

Tag Archives: tariff hikes

Amazon may need to raise prices to offset latest tariff blow

NEW YORK: Amazon Inc will need to raise prices in the United States by about 2.1pc-2.6pc on average to offset the impact of fresh tariffs slapped by the Trump administration on various Chinese goods, Bank of America Merrill Lynch analysts estimated. The United States began imposing 15pc tariff on a ...

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Turkey slaps retaliatory tariff hikes on key US products

ISTANBUL: Turkey hiked tariffs on imports of several key US products in retaliation for American sanctions against Ankara, as a bitter dispute between the two allies that has battered the Turkish lira showed no sign of ending. The lira – which lost just under a quarter of its value on ...

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