Amazon CEO Andy Jassy Says Trump Tariff Costs Could Hit Consumers As Sellers Pass Them On, Working To Soften The Blow

Amazon CEO Andy Jassy warned that Trump's new tariffs on Chinese imports could result in higher prices for U.S. consumers. Many third-party sellers lack the margin to absorb new tariffs, so they will likely pass the added costs on to consumers, according to Jassey's interview with CNBC. Amazon is making strategic inventory buys and renegotiating supplier terms to mitigate the impact and has reportedly begun canceling direct import orders from Chinese vendors. Shares dropped over 5% on Thursday and are down over 17% YTD.