Amazon CEO Andy Jassy Says Trump Tariff Costs Could Hit Consumers As Sellers Pass Them On, Working To Soften The Blow

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Amazon CEO Andy Jassy Says Trump Tariff Costs Could Hit Consumers As Sellers Pass Them On, Working To Soften The Blow - Benzinga

Quick Summary:

Amazon.com, Inc.(NASDAQ:AMZN) CEO Andy Jassy has warned that President Donald Trump's new tariffs on Chinese imports could result in higher prices for consumers, as many of the company's third-party sellers are unlikely to absorb the additional costs.

Jassy acknowledged the challenge, saying Amazon has made "strategic forward inventory buys" and is working to renegotiate purchase order terms to soften the blow.

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