Online retail giant Amazon has come out denying reports that their website will display tariff costs on Chinese imported goods following a dip in share prices and a scathing rebuke from the White House.
This follows a Punchbowl News report stating that Amazon will soon show how much President Trump’s tariffs supposedly add to the price of each product on the website to avoid blame.
The cost of the tariffs will be placed right next to the product’s total listed price.
White House Press Secretary Karoline Leavitt responded during a press conference on Monday and slammed the move as a “hostile and political act by Amazon.”
“Why didn’t Amazon do this when the Biden administration hiked inflation to the highest level in 40 years?” she said. She then described the move as “not surprising” as “Amazon has recently partnered with a Chinese propaganda arm.”
“This is another reason why Americans should buy American. We are anchoring critical supply chains here at home to boost our own manufacturing here,” Leavitt added.
Now, Amazon has denied the initial reporting, saying that the consideration was only in place for the Amazon Haul store but not the main retail website.
Per CBS, Amazon’s shares dropped by more than 2% following Leavitt’s response. The price recovered by noon after reports of their denial at approximately 10 am ET.
“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,” the company said in a statement, per Washington Post reporter Jeff Stein.
Amazon statement: “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.”
— Jeff Stein (@JStein_WaPo) April 29, 2025
Developing…
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