UK independent sellers on platforms like eBay and Amazon may face serious challenges as new US import rules could impose significant duties on shipments from China. Expert opinions suggest these changes could harm sales, resulting in negative comparisons to Brexit. The US aims to protect domestic retailers from overwhelming competition by imposing tariffs, potentially raising consumer prices. Earlier exemptions are being revoked as parcel volumes surged, signaling a shift that could affect the profitability and competitiveness of UK firms selling in the US market in the near future.
Businesses will see their margins eroded because costs will increase. We may get to a point where the changes make a UK business uncompetitive in selling to the US.
It is creating a perfect storm for online retailers putting goods into the US market. It has a lot of the hallmarks of Brexit in terms of its potential impact on small traders.
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