live Houthi attacks target Riyadh as Iran sets conditions for reopening Strait of Hormuz
Houthi attacks target Riyadh amid concerns over Saudi oil supplies, as Iran says it will not reopen the Strait of Hormuz until its conditions are m...
Prices for goods made in China and sold on Amazon.com are rising at a pace faster than overall inflation, signalling the growing impact of U.S. tariffs on consumers, a new analysis by retail analytics firm DataWeave reveals.
The study tracked 1,407 products on Amazon explicitly labeled as made in China. It found that from January to mid-June, the median price of these items rose 2.6%, more than double the 1% increase in the U.S. core goods Consumer Price Index (CPI) through May.
The trend suggests that tariffs imposed by President Donald Trump’s administration are now filtering through to the retail level.
Electronics and Home Goods See Sharpest Increases
Products with the fastest price increases included electronics such as printers and shredders, home and kitchen items like cookware, and school and office supplies. A GreenPan frying pan, for example, more than doubled in price to $31.99 after aluminium-based products were hit with a 50% tariff on 4 June.
Of the items tracked, 475 saw price hikes, 633 remained unchanged, and 299 declined. Some kitchen and home appliances experienced sharp increases, including a Hamilton Beach electric kettle that jumped from $49.99 to $73.21.
Retailers and Sellers Adjust
The price acceleration was especially evident from May onward. Categories such as Home & Furniture and Electronics showed median price increases of 3.5% and 3.1%, respectively. DataWeave CEO Karthik Bettadapura said the price surge in June likely reflects sellers adjusting to higher 'landed costs.'
“Even modest duties can translate quickly when margins are thin and replenishment cycles are fast,” he said.
While Amazon stated it hasn’t observed any broad-based price increases outside typical fluctuations, it acknowledged that individual sellers may adjust pricing due to higher costs.
Consumer Spending Slows as Retailers Hesitate
Retailers such as Walmart, Macy’s, and Nike have already warned of tariff-driven price hikes. But many remain cautious about passing on the full cost due to weakening consumer sentiment and persistent high interest rates. U.S. retail sales and consumer spending both declined in May, raising concerns about the broader economic outlook.
Bank of America Securities economist Claudio Irigoyen noted that businesses are likely delaying price increases to avoid stifling demand.
More Pressure Ahead
Currently, U.S. tariffs include a universal 10% rate, 50% on steel and aluminium, and 25% on auto-related imports. With additional steel tariffs taking effect in late June, analysts expect further upward pressure on household essentials like cookware and small appliances in the coming months.
Trump has defended the tariffs as necessary to “rebalance trade” and stimulate domestic manufacturing, though critics warn of growing burdens on American consumers.
Iran's Revolutionary Guards Navy said a Togo-flagged oil tanker was struck while attempting to make an “illegal passage” through the Strait of Hormuz, Iranian state media said early on Friday.
Saudi civil defence sent an all-clear on Saturday after issuing alerts for a second time for potential danger in Riyadh and the city of Al-Kharj east of the capital, amid an uptick in attacks by Iran-aligned Houthis on the Gulf country.
The European Union will disburse €3.3 billion ($3.8 billion) to Ukraine for missiles and drones, European Commission President Ursula von der Leyen said after a phone call with Ukrainian President Volodymyr Zelenskyy.
The U.S. State Department approved a $2.7 billion military sale to Ukraine for air-defence development upgrades, along with related equipment and services, the department said. Meanwhile, Ukrainian authorities reported at least 10 people had died in Russian attacks over the last 24 hours.
Houthi attacks target Riyadh amid concerns over Saudi oil supplies, as Iran says it will not reopen the Strait of Hormuz until its conditions are met and U.S. commitments are implemented, parliament speaker Mohammad Bagher Ghalibaf said on Sunday.
German voters cast ballots on Sunday in two state elections that could add to the political pressure on Chancellor Friedrich Merz, as his government faces growing public frustration and a resurgent far right.
Iraq has returned restricted airspace across the western part of the country to civilian authorities, ending limits imposed for military operations against Islamic State since 2016, the Transport Ministry said.
Denmark and Greenland have moved to reassure the public that their sovereignty will remain intact under a new security agreement with the United States.
World leaders are set to gather at the United Nations General Assembly in New York for several days of high-level debate, with Iran, Ukraine, artificial intelligence (AI) and a range of global crises expected to dominate discussions this week.
Ed Sheeran has broken his silence on the controversy surrounding his U.S. tour, apologising for decisions made after rapper Macklemore was removed from the line-up over his public support for Palestine.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment