The impact of tariffs can be felt almost everything you buy right now, but how much does they actually cost? Tracking is really hard. Some companies are open to price increases, but Amazon will not be one of them.
Amazon intends to let shoppers know exactly how different the tariffs are on the price of the items they want to buy, a source familiar with the plan said on Tuesday.
Later that day, Amazon closed the claim. “The team running our ultra-low-cost Amazon haul store considered the idea of ​​listing import fees on certain products,” company spokesman Tim Doyle said in an emailed statement. “This has never been approved and will not happen.”
Even before Amazon denied the report’s plan, President Donald Trump made it clear that he was not happy with the company’s idea of ​​listing tariff fees. “This is Amazon's hostility and political behavior,” White House press secretary Karoline Leavitt told reporters in a briefing. According to a report by CNN, Trump called Amazon founder Jeff Bezos Tuesday morning to complain about the rumored plans.
Tariffs have been soaring costs across shopping platforms, with reports saying the prices of Temu and Shein on Chinese websites rose by 377%. Even if Amazon is an American company, it will feel the impact of increased import fees, and there are many products from China on the entire platform.
“This is another reason Americans should buy Americans,” Levitt said Tuesday, respectively, announcing the upcoming Prime Day sales plans. The shopping event will be held again in July and save on all categories of products, and despite the tariffs, it's hard to say whether this savings are as important as previous Prime Day sales.
CCS Insight chief analyst Ben Wood said in an email that things are changing rapidly now, creating an “unpredictable environment.” “The big companies I talk to have taken a cautious approach before making huge price changes or product decisions, hoping that things might calm down. If not, price increases are almost inevitable.”
Watch the following: Should you buy or wait now? Our experts put pressure on tariffs
