Amazon squashed reports that it'll display tariff costs after the White House called it a 'hostile' act

Core Viewpoint - Amazon's plan to disclose the impact of tariffs on product pricing has drawn criticism from the White House, leading to a decline in its stock price [1][2]. Group 1: Amazon's Actions - Amazon intends to break out the cost of tariffs for each product sold, which has been labeled a "hostile and political act" by the White House [1]. - An Amazon spokesperson clarified that the idea of listing import charges was considered but never approved, indicating that it will not be implemented [2]. Group 2: Market Reactions - Following the news, Amazon shares experienced a decline of approximately 0.8% as of 11:40 a.m. ET [2]. - Retailers and major consumer brands have indicated that they will need to increase prices for consumers to offset the costs associated with tariffs imposed by the Trump administration [2]. Group 3: Tariff Context - Although Trump paused plans to impose additional tariffs on goods from various markets, tariffs on imports from China remain in effect, impacting consumer goods in the U.S. [3]. - A former adviser to Trump suggested that consumers could expect to see higher prices in stores by the end of May due to these tariffs [3].