Amazon Pushes Suppliers for Lower Costs After US-China Tariff Reduction

• Amazon is asking vendors to reduce product costs following a 10% drop in average US tariffs on Chinese imports (from 57% to 47%).
• The e-commerce giant previously offered concessions to suppliers due to high trade duties and now aims to maintain competitive pricing.
• The tariff reduction is a result of a late October agreement between President Trump and President Xi Jinping.
• The deal involves the US trimming duties in exchange for China resuming US soybean purchases, maintaining rare earth exports, and increasing fentanyl enforcement.
• The US Supreme Court is reviewing the legality of the administration's broader tariff regime, which could lead to $150 billion in duty refunds.

Why It Matters: Amazon seeks cost reductions from suppliers after US-China tariff cuts to maintain competitive pricing.