Amazon probably won't be hiking prices too much if it's declining to show how much tariffs are impacting costs.
Shares in the company fell after the Trump administration criticized the idea, which Amazon said it hasn't implemented.
Amazon is considering showing a tariff surcharge on items sold via its site for ultra-low-price items, the company confirmed to CNBC. Packages with the logo of Amazon are transported at a packing station of a redistribution center of Amazon in Horn-Bad Meinberg, western Germany, on Dec. 9, 2024.
The White House on Tuesday called plans to show users how tariffs impact prices on Amazon (AMZN) a "hostile and political act."
Despite AWS' momentum, Amazon investors should weigh robust growth against heavy investments ahead of Q1 results.
Amazon.com Inc (NASDAQ:AMZN) shares fell 1.5% after the company's intention to lay out the costs of tariffs to customer on its website was labelled a "hostile piolical act" by the White House. President Trump's press secretary Karoline Leavitt called Amazon hostile based on reports that products on sale on the website will next to the price how tariffs affect the total cost.
The White House took aim at Amazon on Tuesday after the e-commerce giant reportedly prepared to directly display to consumers the price increases associated with President Donald Trump's tariffs, sending shares of the Jeff Bezos-founded retailer downward.
Amazon is bringing back its annual sales event, Prime Day, in July, the e-commerce giant said on Tuesday.
Amazon is reportedly looking for steep supplier discounts to offset the cost of U.S. tariffs. As the Financial Times (FT) reported Tuesday (April 29), the tech giant has asked for low double-digit price decreases from merchants in a range of categories, from homeware to consumer electronics.
Saks Fifth Avenue is launching a storefront on Amazon.com where it will sell high-end, designer products from Dolce&Gabana and Balmain in the e-commerce giant's latest foray into selling luxury goods, the companies said on Tuesday.
The e-commerce and technology giant Amazon (NASDAQ: AMZN) has been hard pressed by the 2025 tariffs, and AMZN stock has lost 20% of its value since the trade war started in earnest in early February.
Amazon needs to build up a credible contender to Starlink, the satellite-internet provider owned by Elon Musk's SpaceX.