Amazon Denies Plans to Disclose US Tariff Costs on Main Website

Amazon's Stance on Tariff Disclosure

• ❌ Amazon denied a report claiming it planned to disclose the cost of US tariffs on its main website.
• 🗣️ The denial followed criticism from White House press secretary Caroline Levid, who called the alleged plan a "hostile and political act."
• 💡 Levid questioned why Amazon didn't disclose costs during the Biden administration's inflation hikes and urged Americans to "buy American."

Amazon Haul's Considered Idea

• 🛒 A spokesperson confirmed that the Amazon Haul unit, which sells low-cost goods from China, considered listing import charges on certain products.
• 🚫 However, this idea was never approved and is not going to happen.
• 🛍️ Amazon Haul, launched in November, offers inexpensive items like $5 handbags and $10 sweaters with longer shipping times.

Broader Tariff Context

• 📈 President Trump has imposed numerous tariffs on US trading partners, significantly increasing costs, particularly on goods from China.
• ⚖️ A recent executive order, effective May 2nd, closes a loophole allowing low-value packages from China and Hong Kong to enter the US duty-free.
• 📉 The White House comments caused Amazon shares to drop over 2% in pre-market trading before recovering.