tRUMP targeting Amazon over tariffs
Apricot Antichrist throwing temper tantrum because Amazon will display additional costs due to tariffs beside the price.
Elect a moron, get moronic tariffs!
Elect a moron, get moronic tariffs!
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The White House denounced Amazon.com Inc’s reported move to display the cost of President Donald Trump’s tariffs on products, setting the stage for a high-profile clash between the administration and the popular online marketplace.
“This is a hostile and political act by Amazon,” White House Press Secretary Karoline Leavitt told reporters Tuesday. “Why didn’t Amazon do this when the Biden administration hiked inflation to the highest level in 40 years?”
The comments from Leavitt came after Punchbowl News reported that the e-commerce giant would “soon” begin displaying the cost of US tariffs on individual products next to the total listed price. The report included few other details about the plan. Amazon representatives did not immediately respond to requests for comment.
Amazon shares fell as much as 2.1% at the open of trading in New York. The firm is set to report earnings after the bell on Thursday with its stock down more than 20% from a February record high.
Companies like Amazon and fast-fashion giant Shein Group Ltd. are bracing for a 120% tariff on many of their products due to the US government’s decision to end the “de minimis” exemption for small packages from mainland China and Hong Kong.
Exporters in recent years had capitalized on the exemption, which allowed goods valued at under $800 to enter the US without tariffs or customs duties.
Leavitt said she had spoken to Trump about the report, and went on to criticize Amazon’s compliance with censorship demands by the Chinese government.
Leavitt declined to answer when asked if the move had strained the relationship between the president and Amazon founder Jeff Bezos, who has sought to curry favor with Trump in recent months. Bezos and Trump frequently clashed during the president’s first term over the billionaire’s ownership of the Washington Post.
“I will not speak to the president’s relationships with Jeff Bezos,” Leavitt said.
Treasury Secretary Scott Bessent, who attended the press briefing, said any move to highlight tariffs was unfair when the costs of policies implemented by other administrations — including regulations — weren’t broken out.
“The big tax on consumers that goes unnoticed is deregulation or regulation, and we are deregulating and bringing that down,” Bessent said. “So you know, from a household income point of view, we would expect real purchasing increases that we’ve seen over the first 100 days, and we would expect that to accelerate.”
A CNN poll released this week showed 59% of the public believe Trump’s policies have made the economy worse, with six in 10 believing his efforts have increased their cost of living. Nearly seven in 10 of survey respondents say they believe an economic recession is somewhat likely in the next year.
“This is a hostile and political act by Amazon,” White House Press Secretary Karoline Leavitt told reporters Tuesday. “Why didn’t Amazon do this when the Biden administration hiked inflation to the highest level in 40 years?”
The comments from Leavitt came after Punchbowl News reported that the e-commerce giant would “soon” begin displaying the cost of US tariffs on individual products next to the total listed price. The report included few other details about the plan. Amazon representatives did not immediately respond to requests for comment.
Amazon shares fell as much as 2.1% at the open of trading in New York. The firm is set to report earnings after the bell on Thursday with its stock down more than 20% from a February record high.
Companies like Amazon and fast-fashion giant Shein Group Ltd. are bracing for a 120% tariff on many of their products due to the US government’s decision to end the “de minimis” exemption for small packages from mainland China and Hong Kong.
Exporters in recent years had capitalized on the exemption, which allowed goods valued at under $800 to enter the US without tariffs or customs duties.
Leavitt said she had spoken to Trump about the report, and went on to criticize Amazon’s compliance with censorship demands by the Chinese government.
Leavitt declined to answer when asked if the move had strained the relationship between the president and Amazon founder Jeff Bezos, who has sought to curry favor with Trump in recent months. Bezos and Trump frequently clashed during the president’s first term over the billionaire’s ownership of the Washington Post.
“I will not speak to the president’s relationships with Jeff Bezos,” Leavitt said.
Treasury Secretary Scott Bessent, who attended the press briefing, said any move to highlight tariffs was unfair when the costs of policies implemented by other administrations — including regulations — weren’t broken out.
“The big tax on consumers that goes unnoticed is deregulation or regulation, and we are deregulating and bringing that down,” Bessent said. “So you know, from a household income point of view, we would expect real purchasing increases that we’ve seen over the first 100 days, and we would expect that to accelerate.”
A CNN poll released this week showed 59% of the public believe Trump’s policies have made the economy worse, with six in 10 believing his efforts have increased their cost of living. Nearly seven in 10 of survey respondents say they believe an economic recession is somewhat likely in the next year.
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