Amazon cancels some inventory orders from China, looks at investing in US warehousing

Amazon canceled some of its inventory orders coming from China on Wednesday as the Trump administration’s 104% tariffs on the country took effect, according to documents seen by Bloomberg.

The online retail giant canceled orders for beach chairs, scooters, and air conditioners. The US imported nearly $440 billion worth of goods from China in 2024, including most of certain consumer goods like vacuums and baby carriages.

“While Amazon sales seemingly felt little impact from 2018 China tariffs, the widespread (and much larger) 2025 global tariffs are a potential new ballgame for supply chains and costs,” Bank of America analysts wrote in a Wednesday note. The bank cut its Amazon price target from $257 to $225.

Bloomberg also reported that Amazon appears to be looking to make a $15 billion investment in expanding its domestic warehousing.

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