In a whirlwind of controversy, Amazon clarified that its low-cost Haul unit had briefly considered listing import charges for certain inexpensive China-made products—but the idea was not extended to Amazon.com.
This move stirred up the market with a 2% dip in Amazon shares. White House Press Secretary Karoline Leavitt condemned the report as a "hostile and political act," questioning, "Why didn't Amazon do this when the Biden administration hiked inflation to the highest level in 40 years?" 😮
Earlier reports from Punchbowl News suggested that Amazon planned to highlight tariff costs imposed under President Donald Trump's trade measures, implying the e-commerce giant wanted to shift blame for rising prices. In response, Trump even reached out to founder Jeff Bezos, praising him by saying, "Jeff Bezos is very nice. He solved the problem very quickly. He did the right thing."
This episode underscores the challenges companies face balancing cost transparency with political pressures. As tariffs continue to shape global supply chains, all eyes remain on how major retailers like Amazon navigate these turbulent economic times. 🚀
Reference(s):
cgtn.com
