eBay CEO Devin Wenig tweeted today his views on the burden of online sales tax and tariffs on small businesses:
“26 states have recently imposed significant internet sales taxes (with more to come), and consumers are now paying heavy tariffs on a wide range of imported products. These have a disproportionate impact on small business and lower income consumers. Will eventually impact economy.”
Of course, one could say the same of eBay fee increases, including the “commission” on shipping costs, which go up every year without eBay having to formally announce a fee increase.
What do sellers think about tariffs? A BizBuySell survey of small businesses gives an indication.
The March survey had found sellers split about the impact of stiff tariffs on Chinese imports, with 39% saying they would see no impact if tariffs were to increase, 32% would be negatively impacted, 9% would be positively impacted, and 19% were unsure. The question asked: “President Trump has proposed a 25 percent tariff on Chinese imports if a trade deal is not reached. If tariffs were to increase, how would that affect your business?”