Do you expect their annual turnover to go up? They might get a bigger slize of the pie but the pie itself is getting smaller.
Pre trade AMZN was down 7%
Yeah, but it sounds like the tariff is a higher percent for single item shipments. That means that aliexpress would sell less to individuals and more to Amazon resellers.
Down 6% in premarket, will have to wait and see but likely wont help them much as tariffs will impact a significant amount of their products regardless.
In addition to what everyone else has said, if Europe goes through with the new "Big Tech tax" and/or tariffs on digital services, AWS would presumably take a big hit.
Do you expect their annual turnover to go up? They might get a bigger slize of the pie but the pie itself is getting smaller. Pre trade AMZN was down 7%
Well, given that 90% of stuff on Amazon is relabeled crud from Ali Express...
Yeah, but it sounds like the tariff is a higher percent for single item shipments. That means that aliexpress would sell less to individuals and more to Amazon resellers.
Down 6% in premarket, will have to wait and see but likely wont help them much as tariffs will impact a significant amount of their products regardless.
Most of the stuff on amazon comes from China, so I doubt it.
In addition to what everyone else has said, if Europe goes through with the new "Big Tech tax" and/or tariffs on digital services, AWS would presumably take a big hit.