Amazon has refuted baseless claims that it would display tariff impacts alongside product prices on its e-commerce platform, a move that sparked criticism from the Trump administration on Tuesday. Punchbowl News initially reported that Amazon would highlight tariff-driven price hikes on goods. White House Press Secretary Karoline Leavitt denounced the alleged plan as “a confrontational and politically motivated act.”
Daniel Howley and Myles Udland for Yahoo Finance.:
According to Washington Post reporter Jeff Stein, Amazon said it was never considering adding the additional cost caused by tariffs next to the price of goods on its main website, but rather was contemplating doing so on its low-cost Amazon Haul site.
[Amazon founder Jeff Bezos owns The Washington Post.]
“So this is another reason why Americans should buy American,” Leavitt added. “It’s another reason why we are onshoring critical supply chains here at home to shore up our own critical supply chain and boost our own manufacturing here.”
Trump had an acrimonious relationship with Amazon founder Jeff Bezos during his first term in office, frequently criticizing Bezos over the Washington Post’s coverage of him… Bezos has since met with Trump and attended his inauguration alongside Alphabet CEO Sundar Pichai, Apple CEO Tim Cook, Meta CEO Mark Zuckerberg, and Tesla CEO Elon Musk. Amazon also donated $1 million to Trump’s inauguration fund.
MacDailyNews Take: As we wrote back in mid-March:
There’s an exceedingly simple way for countries to avoid reciprocal U.S. import tariffs. Whatever tariff level you want is the tariff level you impose. If you don’t wish to face U.S. import tariffs, don’t impose tariffs on U.S. products and services.
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