The secondhand industry is facing challenges from President Trump's tariffs, but eBay and Etsy have reported low exposure due to local sourcing strategies among their sellers. Both companies highlighted during their Q1 2025 earnings that their tariff impacts are minimal, with eBay reporting only 5% of their gross merchandise value coming from China. Etsy also revealed that only 1% of their sales derive from U.S. imports from China, thus showcasing resilience against tariffs. However, both companies still confront economic uncertainties that impact consumer spending habits, particularly affecting Etsy's business model of higher-priced goods.
Our greater China to U.S. quarter makes up about 5% of total [gross merchandise value] for us. And China overall is a little less than 10%.
At present, Etsy's direct tariff exposure appears to be relatively low given that just over 1% of [gross merchandise sales] comes from U.S. imports of items purchased from sellers in China.
Most are solo entrepreneurs working from their home with 90% sourcing their supplies domestically.
Despite lower tariff impacts, Etsy faces challenges with economic uncertainty affecting consumer spending.
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