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#1 Posted by linchao 10 months 2 weeks ago
linchao
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Amazon on Monday reportedly ended a practice that prohibited sellers on its marketplace from listing the same products for cheaper prices on other platforms www.thetopsneaker.com/nike-flyknit-men , a move that seems to address antitrust concerns surrounding a company that commands approximately half of all U.S. e-commerce sales.The Seattle-based shopping behemoth has faced questions over unfair or monopolistic practices in both the U.S. and Europe. Last fall, European Competition Commissioner Margrethe Vestager began looking into whether Amazon gleaned data from the sellers on its platform just to use that valuable information to compete with these smaller merchants directly — often undercutting them on price.Though talk of antitrust action has dogged Amazon for years, scrutiny of its practices and policies has come under the national spotlight recently, thanks to pressure from high-profile political players like 2020 presidential hopefuls Sen. Bernie Sanders (I-Vt.) and Sen. Elizabeth Warren (D-Mass.) on issues ranging from wages and warehouse conditions to breaking up Big Tech altogether. In November, President Donald Trump also mentioned that his administration would look into whether Amazon, along with Facebook and Google parent company Alphabet, were in violation of antitrust regulations.Sen. Richard Blumenthal (D-Conn.) ratcheted up concerns with a December 2018 letter to Assistant Attorney General Makan Delrahim that said Amazon’s so-called “price parity” rule “could stifle market competition and artificially inflate prices on consumer goods.” Noting that European bodies downvoted Amazon’s price-parity rules a half decade ago, Blumenthal requested that the U.S. take similar action and launch its own antitrust investigation to ensure a level playing field in the marketplace.Alluding to Walmart’s use of its own price-parity requirements Cheap Men FlyEase , the letter said, “The use of multiple price-parity provisions throughout the e-commerce industry raises concerns that these clauses may collectively work to block competition and raise prices in violation of Section 1 of the Sherman Act.”Reports indicated Amazon would command roughly 50 percent of total U.S. e-commerce sales by the close of 2018. eMarketer data from November shows that 31.8 percent of those sales stems from Amazon’s marketplace, dwarfing the 16.7 percent of sales directly between Amazon and consumers.Amazon did not immediately respond to a request for comment.Editor’s Note: This story was reported by FN’s sister magazine Sourcing Journal. For more, visit Sourcingjournal.com. Despite President Donald Trump's "America First" promises, the United States recorded a $621 billion trade deficit in 2018 — an increase of $68.8 billion from the prior year and the widest since the 2008 financial crisis.The Commerce Department's report, which was delayed by the government shutdown, further revealed that the U.S. saw an $891.2 billion merchandise deficit — the biggest in the country's 243-year history.The trade deficit measures the difference between a nation's imported and exported goods and services, showing that the U.S. purchased a great deal more in foreign products than it had sold to countries in Europe Cheap Nike Air , Asia and more."This is not a surprise at all," said Matt Priest, president and CEO of the Footwear Distributors & Retailers of America. "Trade deficits are neither good or bad; they grow and they shrink based on a lot of different factors. Oftentimes for the USA, they grow when the economy is doing well because we have the biggest amount of purchasing power in the world, so we're buying more stuff and importing more stuff. It's not bad news. In fact, it's a reflection of a strong economy."Trump has made the reduction in the trade deficit — particularly the country's bilateral trade relations with China — a focal point of his presidency. The Commerce Department reported that the trade gap with China also reached a record $419.2 billion in 2018, as the leaders of the world's two largest economies seek a deal to resolve their monthslong tariff dispute."The increase shows the problems with starting a trade war. In this case, U.S. importers rushed to bring in more goods before being hit with punitive tariffs Cheap Men Air Max , while at the same time U.S. exports crumbled due to closing markets caused by retaliatory tariffs," explained Rick Helfenbein, president and CEO of the American Apparel & Footwear Association. "The result shows how apparel and footwear companies have been able to adjust their supply chains to remain price competitive during the holiday season. Unfortunately, it also means prices will go up in the coming weeks and months for American families."Late this month, Trump is expected to meet with Chinese President Xi Jinping to discuss terms to end the trade war. Within the past year, Washington has imposed duties on $250 billion in Chinese goods, while Beijing has responded with levies on $110 billion in U.S. products. Even with the imposed tariffs — including those that impacted steel and aluminum — the U.S. continues to see its imports overtake exports.The U.S. is also pursuing new negotiations for a trade agreement with the European Union and Japan."I don't think, from a footwear perspective cheap Nike sneakers , we'll see any dramatic change," Priest added. "The changes we're already seeing, such as the shift to Vietnam and elsewhere, were already happening before Trump took office and will continue to happen even after he leaves."This story was updated with comments from the AAFA.Want more?These Are the Countries That Stand to Benefit From the US-China Trade WarWhat China's Disappointing Manufacturing Report Means for the US EconomyThe Biggest Challenges for 'Made in America' Under the Trump Administration
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