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Trump's 50% Tariff on Amazon Sparks Fears of Retail Upheaval
July 24, 2025, 11:34 am EDT
U.S. President Donald Trump has signed an executive order imposing a 50% tariff on all goods sold through Amazon, set to take effect on August 1, 2025. The move, citing Section 301 of the 1974 Trade Act, accuses Amazon of "unfair competitive practices" and "monopolistic behavior."
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Trump's 50% Tariff on Amazon Sparks Fears of Retail Upheaval