The White House criticized Amazon for allegedly planning to disclose tariff costs on its website, accusing the company of a ‘hostile and political act.’ Amazon denied these claims, stating it has no intention to display added trade charges. This controversy arose during a press conference marking President Trump’s first 100 days in office, where Press Secretary Karoline Leavitt questioned why Amazon hadn’t acted similarly when the Biden administration increased inflation. Leavitt also accused Amazon of partnering with a Chinese propaganda entity, though Amazon refuted this claim.
Amazon’s stock briefly fell following Leavitt’s comments but quickly recovered. The White House’s reaction reflects pressure over Trump’s new tariffs, which could lead to higher consumer prices. While Amazon plans not to highlight tariffs as a reason for price increases, other retailers are less hesitant. Reports suggested Amazon might display tariff-related costs next to product prices, though this was later clarified as a misinterpretation of internal discussions. Amazon confirmed that only its Haul service considered listing import charges, but this won’t happen. Following a call between Trump and Amazon founder Jeff Bezos, the administration softened its stance.
Amazon’s business model relies heavily on third-party sellers, many based in China, exposing it significantly to Trump’s tariffs. Other retailers like Temu and Shein have already raised prices citing tariff costs. Analysts warn that Trump’s tariffs could negatively impact U.S. prosperity, with the IMF revising its growth forecast downward and predicting higher inflation. Public approval of Trump’s economic management has also declined.
— new from Al Jazeera