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White House: Amazon's Reported Plans To Show Tariff Price Increase A ‘Hostile' Act
AMZNAmazon(AMZN) Forbes·2025-04-29 14:05

Core Viewpoint - The White House criticized Amazon for planning to display the price increases due to tariffs, which negatively impacted Amazon's stock price [1][2]. Group 1: Amazon's Tariff Display Plan - Amazon, which relies on China for over 50% of its third-party sellers, intends to show consumers how much of a product's cost is attributed to tariffs [1]. - The White House labeled Amazon's action as a "hostile and political act," indicating a direct discussion between the White House Press Secretary and President Trump regarding this matter [2]. Group 2: Stock Market Reaction - Following the White House's comments, Amazon's stock fell by 2%, which was a more significant decline compared to the S&P 500's less than 0.5% drop [2]. Group 3: Upcoming Earnings Report - Amazon is set to report its earnings for the first quarter of 2025, with the company having generated $638 billion in revenue last year, making it the second-highest company by sales globally, just behind Walmart [5].