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Chinese companies that sell products on Amazon are preparing to hike prices for the US or quit that market due to President Donald Trump’s unprecedented tariff hikes, sellers and the head of China’s largest e-commerce association said.
Trump said on Wednesday he would raise tariffs on Chinese imports to 125 percent from the 104 percent level already in effect, escalating the high-stakes confrontation between the two world’s largest economies.
“This isn’t just a tax issue, it’s that…
