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@ ZeroHedge News (RSS Feed)
2025-04-29 14:25:00
"Never A Consideration" - Amazon Denies Media Claims Of 'Tariff-Tracker'
"Never A Consideration" - Amazon Denies Media Claims Of 'Tariff-Tracker'
Update (1020ET): Well that didn't take long...
Amazon has just issued a statement denying PunchBowl's reporting and explaining that showing tariffs costs on the main Amazon site was "never a consideration":
“The team that runs our ultra low cost Amazon Haul store has considered listing import charges on certain products.
This was never a consideration for the main Amazon site and nothing has been implemented on any Amazon properties.”
Amazon's share price is rebounding on the statement...
https://cms.zerohedge.com/s3/files/inline-images/2025-04-29_07-21-34.jpg?itok=1MSuCN1t
Of course, by NOT exposing these numbers (which the leftists and legacy media were cheering so loudly), Jeff Bezos has just shifted the crosshairs once again:
Bezos is once again the second most hated billionaire by the left
— zerohedge (@zerohedge) https://twitter.com/zerohedge/status/1917222800072253598?ref_src=twsrc%5Etfw
* * *
Shares of Amazon tumbled to premarket lows Tuesday after White House Press Secretary Karoline Leavitt called the company's recent decision to display the effect of tariffs on products a "hostile and political act," adding "why didn't Amazon do this when the Biden administration hiked inflation to the highest level in 40 years?"
https://cms.zerohedge.com/s3/files/inline-images/amazon%20host.JPG?itok=qq_QHblh
"It's not a surprise," Leavitt continued, adding "Amazon has https://www.reuters.com/world/china/amazon-partnered-with-china-propaganda-arm-win-beijings-favor-document-shows-2021-12-17/
with a Chinese propaganda arm. So this is another reason Americans should buy American."
Watch:
White House calls Amazon's decision to cite Trump tariffs cost on products a "hostile and political act."
"Why didn't Amazon do this when the Biden administration hiked inflation to the highest level in 40 years?" https://t.co/fdof5noJp4
— Josh Caplan (@joshdcaplan) https://twitter.com/joshdcaplan/status/1917203707894157753?ref_src=twsrc%5Etfw
AMZN shares are trading over 2% lower in the pre-market following the remarks.
https://cms.zerohedge.com/s3/files/inline-images/2025-04-29_06-16-39.jpg?itok=dGA6eFuB
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,' https://punchbowl.news/article/tech/amazon-display-tariff-costs/
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.
Why does Amazon refuse to disclose where its crap products from companies with fake names are manufactured. Amazon won’t disclose country of origin, but it knows the exact country-specific tariff? https://t.co/KU7gr6ILMe
— Sean Davis (@seanmdav) https://twitter.com/seanmdav/status/1917205700402364788?ref_src=twsrc%5Etfw
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...
Executive order mandating that on-line sales identify country of origin for each product.
— Carnot's Law (@Len54Len) https://twitter.com/Len54Len/status/1917204756252205145?ref_src=twsrc%5Etfw
Absolutely right. Amazon’s decision is clearly political. They didn't flag inflation impacts under Biden, but now single out tariffs under Trump.
— VJT (@KelvinCold1234) https://twitter.com/KelvinCold1234/status/1917205152689426437?ref_src=twsrc%5Etfw
https://cms.zerohedge.com/users/tyler-durden
Tue, 04/29/2025 - 10:25
https://www.zerohedge.com/markets/amazon-shares-tumble-after-leavitt-calls-tariff-tracker-hostile-and-political-act