Trump administration considers putting Amazon on “Notorious Markets” list
Trump administration is considering putting some of Amazon overseas websites on a list of global marketplaces known for counterfeit goods, reports The Wall Street Journal, citing people familiar with the matter.
The action would be taken by the US Trade Representative’s Office through its annual “notorious markets” list.
Over the years, the list has included China’s largest e-commerce platform, Taobao.com, which is owned and operated by Alibaba Group.
The Guardian notes, that no decision has been made yet and that similar proposals last year were eventually discarded.
Amazon said it “strictly prohibits” counterfeit products on its platforms and invests heavily to protect customers from such items.
“Combatting counterfeit requires collaboration across the industry – from retailers, brands, law enforcement and government – and we continue to be actively engaged with these stakeholders as we hold bad actors accountable and drive counterfeit to zero in our store,” the company said in a statement.
More Amazon news
Major shutdowns in China due to new COVID outbreaks
Multiple companies in Zhejiang province have suspended operations due to COVID-19 outbreak, halting production of goods from batteries and clothing to textile dyes and plastics. Zhejiang is one of China's biggest and busiest manufacturing hubs. The local government...
Amazon is using sellers as a cash cow
Amazon collects a third of seller revenue A new study claims that Amazon makes far more from fees on its Marketplace platform than even the cash cow known as AWS, reports TechCrunch. According to the report by the Institute for Local Self-Reliance, sellers now give...
Inflation spreads to e-commerce
A recent report by Adobe shows that e-commerce is experiencing many of the same pricing pressures in the broader economy due to supply chain problems, higher shipping and labor costs. Online prices rose 1.9% in October from a year earlier and 0.9% from the previous...
