At Amazon’s annual shareholder meeting on Wednesday, CEO Andy Jassy instructed viewers (the convention was digital) that tariffs haven’t had a “significant” impact on costs.
“Now we have not seen any attenuation of demand at this level,” Jassy mentioned, per CNBC. “We additionally have not but seen any significant common promoting worth will increase.”
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Jassy mentioned that Amazon can hold costs low as a result of its platform has a variety of sellers (greater than 60% of merchandise bought are third-party, the company notes).
“I believe that the variety and the dimensions of our market actually helps clients have the most effective choice of the most effective costs,” Jassy said on the assembly.
“When you might have two million sellers, they are not all going to take the identical motion,” he added, per Reuters.
Andy Jassy, chief government officer of Amazon, in February 2025. Michael Nagle/Bloomberg | Getty Photos
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Tariffs are affecting retailers in numerous methods. House Depot announced this week that it will not be elevating costs (within the speedy future) because of tariffs. However not all firms are on the identical path.
Walmart’s CEO mentioned that buyers will see elevated costs at its shops within the subsequent couple of weeks as a result of the associated fee will increase are “greater than any retailer can take in.”
Goal, Finest Purchase, and Mattel all mentioned clients will likely see price increases on some merchandise.
