Amazon Doubles Profit YoY and Trump's Anti-TEMU Laws

Amazon +11 % net sales YoY!

The most tremendous takeaway from Amazon's earnings call was definitely profit. Amazon increased their profit from 30 billion USD to nearly 60 billion USD in just one year!

Hungary - is next on the menu for the marketplace.

After the first Marketplace Summit in Budapest, one thing is clear:

Allegro is coming from the North, eMag—with some questions—from the East, and Skroutz from the South. Temu is a big challenge in Hungary (as it is everywhere). Meanwhile, hundreds of Hungarian brands are using Amazon FBA and selling (or sailing 🙂) to the West."

The EU is “considering” changes to its import duty laws for 2028, while Trump takes action in his second week in office

The proposal includes the removal of the current 150 euros threshold for import duties, which EU regulators had previously discussed and plan to implement by 2028."

I'm not going into the politics, but Trump launched import Tax during his week two, and we, in Europe, are debating some changes for 2028. Temu can relax, they already have many counter plans...