Amazon Stock Gets a Downgrade. How Tariffs Are Set to Hit Its Business. - Barron's
1. Raymond James downgraded AMZN from Strong Buy to Outperform. 2. Tariffs on Chinese goods could hit AMZN's gross margins by 10%. 3. AMZN shares dropped 1.7% to $169.70 in premarket trading. 4. Alternative supply chains away from China may cost AMZN several billion dollars. 5. China-based advertisers accounted for 14% of AMZN's advertising revenue.