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White House calls report that Amazon is adding a tariff charge ‘a hostile action’

CNN's profile
CNN
5h ago

The White House criticized Amazon's decision to display the cost of tariffs on its products as a 'hostile and political act,' reflecting tensions over President Trump's tariff policies. This move by Amazon, first reported by Punchbowl News, aims to show consumers the impact of Trump's 145% tariffs on Chinese imports and a 10% minimum tax on all other imports. White House Press Secretary Karoline Leavitt emphasized the importance of onshoring supply chains and encouraged buying American, citing past concerns about Amazon's ties with China. The relationship between Trump and Amazon founder Jeff Bezos is complex, with Bezos having supported Trump in various ways despite ongoing tensions. Bezos' net worth has significantly decreased due to the tariffs and stock market declines, highlighting the economic ramifications of the current trade policies.

White House calls report that Amazon is adding a tariff charge ‘a hostile action’

Amazon plans to display how much of an item's cost is due to tariffs, as part of its pricing information, a move seen as politically provocative by the White House.

President Trump's tariffs include a 145% tariff on Chinese imports and a 10% minimum tax on imports from other countries, which Amazon's change aims to highlight to consumers.

White House Press Secretary Karoline Leavitt criticized Amazon's decision, describing it as a hostile action, and underscored the need to strengthen domestic supply chains.

Amazon's relationship with the Trump administration is multifaceted; despite tensions, Bezos has engaged positively with Trump, including attending White House events and contributing to Trump's inaugural fund.

The impact of the tariffs and market conditions has contributed to a significant decrease in Jeff Bezos' net worth, illustrating the broader economic impact of these trade policies.

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