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Amazon CEO: Prices have gone up from tariffs [CNN]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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Like many retailers, Amazon and its vast network of third-party sellers loaded up on inventory ahead of Trump's tariff rollout last spring. But that supply ran out by the fall, Jassy said in a CNBC interview on the sidelines of the World Economic Forum in Davos, Switzerland. “So you start to see some of the tariffs creep into some of the prices, some of the items,” he said. “Some sellers are deciding that they're passing on those higher costs to consumers in the form of higher prices, some are deciding that they'll absorb it to drive demand and some are doing something in between.” The comments are a stark shift from last June, when Jassy said in a CNBC interview that the company had not seen “prices appreciably go up.” That was after Amazon drew the direct ire of Trump and members of his administration following reports that the e-commerce giant planned to display how tariffs were impacting prices. After Trump spoke with Amazon founder Jeff Bezos at the time, a company spokesp
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