Amazon.com (AMZN) is planning to trim payments to suppliers for goods the company sells on its ecommerce platform as part of efforts limit the impact of trade levies ahead of a Supreme Court tariff ruling, the Financial Times reported Tuesday, citing vendor consultants.
The company is pursuing discounts from suppliers of up to 30% and has expedited talks with some suppliers by weeks, as the Supreme Court is expected to rule on the legality of US tariffs this week, the people told the media outlet.
Amazon seeks to recoup concessions made to suppliers last year, arguing that tariffs have been less sweeping than first feared, shifting the risk of potential trade volatility to suppliers by making them responsible for any duties on goods sold, according to the report.
Amazon did not immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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