Amazon CEO Warns Americans Cheap Prices of Everyday Goods Could Be a Thing of the Past
Amazon CEO Andy Jassy gave a warning to wallet-wary Americans in the wake of President Trump’s tariff agenda — saying the everything site many have come to rely on may have to up prices on common items.
Jassy issued an equivocating warning to Amazon customers that the world’s most popular online retailer is facing challenges from the Trump administration’s tariff push, stating in an interview with CNBC’s Andrew Ross Sorkin on “Squawk Box” on Thursday that the levies could create “macro issues” that hit the average Joe square in the budget.
“I’m guessing that sellers will pass that cost on,” Jassy said of the cost of tariffs. “And I understand why, I mean, depending on which country you’re in, you don’t have 50% extra margin that you can play with.”
“I’m guessing that sellers will pass that cost on,” Jassy said of the cost of tariffs. “And I understand why, I mean, depending on which country you’re in, you don’t have 50% extra margin that you can play with.”
“It’s so early right now, but we haven’t seen any change in consumer behavior in a meaningful way yet,” Jassy said. (Read more from “Amazon CEO Warns Americans Cheap Prices of Everyday Goods Could Be a Thing of the Past” HERE)
