“Never A Consideration” – Amazon Denies Media Claims Of ‘Tariff-Tracker’
Update (1155ET): According to CNN (so who knows) – a senior Trump admin official told President Trump about the story, after which Trump called Amazon founder Jeff Bezos following the Punchbowl report that Amazon was considering displaying the cost of US tariffs next to prices on its website. Shortly after the call, an Amazon spokesman released a statement ‘clarifying’ that the move wasn’t considered for the main Amazon site – rather, just ‘Amazon Haul.’
“This was never approved and not going to happen,” said the spokesperson.
Earlier…
Well that didn’t take long…
“It’s not a surprise,” Leavitt continued, adding “Amazon has partnered with a Chinese propaganda arm. So this is another reason Americans should buy American.”
Watch:
AMZN shares are trading over 2% lower in the pre-market following the remarks.
The e-commerce giant will soon display how much of an item’s cost is derived from tariffs – ‘right next to the product’s total listed price,’ Punchbowl News reported earlier Tuesday.
Of note, companies like Amazon and Shein Group Ltd. are bracing for a 120% tariff on many of their products due to the US government’s decision to end the “de minimis” exemption which allowed goods valued at under $800 to pass into the US without tariffs or customs duties.
According to Treasury Secretary Scott Bessent, who attended the press briefing, Amazon’s move to highlight tariffs is unfair given that the costs of policies implemented by other administrations (including regulations) aren’t being broken out by Amazon.
“The big tax on consumers that goes unnoticed is deregulation or regulation, and we are deregulating and bringing that down,” Bessent said. “So you know, from a household income point of view, we would expect real purchasing increases that we’ve seen over the first 100 days, and we would expect that to accelerate.”
Needless to say, this “hostile and political” move by Amazon is catching heat…