NewsCovering America


Bank of America: Online prices at Amazon, Wayfair may be going up due to trade war

Posted at 9:36 AM, Sep 05, 2019
and last updated 2019-09-05 12:36:08-04

Millions of us take advantage of shopping online instead of at the store. But online shoppers beware! You may soon see an increase in your prices.

Two big online retailers may have to start raising prices because of the trade war between the United States and China.

Bank of America now estimates that prices at Amazon will have to go up by at least 2. percent thanks to the latest U.S. tariffs on Chinese imports. And the bank says Wayfair may have to raise prices by more than four and a half percent.