The White House criticized Amazon after reports suggested the company planned to display tariff-related price increases directly to consumers. President Donald Trump reportedly called Amazon founder Jeff Bezos to express his concerns. However, Amazon denied considering such an extensive measure. Tensions eased after this clarification, with Amazon’s stock recovering from an initial decline. Questions arose regarding why Amazon did not highlight similar issues during the Biden administration’s period of high inflation. Bezos, the second-richest person globally, maintains a notable relationship with Trump. Investors await Amazon’s first-quarter earnings report for 2025, following a year of substantial revenue.
— new from Forbes