Amazon abandons proposal to display US tariff costs – media
The cancellation comes as a result of backlash from the White House, as reported by CNBC. Amazon, the U.S. online retailer, has abandoned its plans to display the costs of recent trade tariffs to consumers, according to CNBC on Tuesday. The...
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The cancellation comes as a result of backlash from the White House, as reported by CNBC.
Amazon, the U.S. online retailer, has abandoned its plans to display the costs of recent trade tariffs to consumers, according to CNBC on Tuesday. The media reports regarding the alleged initiative provoked a strong response from Washington, which labeled it “hostile.”
Earlier, Punchbowl News reported, citing a source familiar with Amazon’s intentions, that the retailer would “soon” start indicating tariff costs next to product prices.
“This was never approved and is not going to happen,” Amazon spokesperson Tim Doyle told CNBC, clarifying that the company had only “considered” listing import charges on select items sold within Haul, a section of their platform featuring ultra-low-cost products shipped directly from Chinese manufacturers.
A source familiar with the situation told CNBC that Amazon had thought about adding a separate line item for Haul products as a reaction to U.S. President Donald Trump's decision to eliminate the so-called de minimis trade loophole. This exemption, which is set to end on May 2, currently permits duty-free imports of packages valued under $800.
The source stressed that the plan was not related to Trump's 145% tariff on Chinese imports.
The initial report regarding Amazon’s intended course of action sparked significant backlash from the White House. During a daily press briefing, Press Secretary Karoline Leavitt referred to the reported move as a “hostile and political act.”
“Why didn’t Amazon do this when the Biden administration hiked inflation to the highest level in 40 years?” Leavitt asked.
According to a source cited by NBC News, Trump personally reached out to Amazon founder and former CEO Jeff Bezos on Tuesday morning to express his discontent regarding the Punchbowl report.
The president later told reporters that Bezos “was very nice, he was terrific” during the call and that “he solved the problem very quickly.”
Earlier this month, Trump introduced extensive tariffs on various countries, with Chinese goods facing duties of up to 145%. The president contended that the measure would assist in reviving domestic manufacturing and correcting a skewed trade balance. In response, Beijing has implemented its own tariffs and export restrictions.
Lucas Dupont for TROIB News
Amazon, the U.S. online retailer, has abandoned its plans to display the costs of recent trade tariffs to consumers, according to CNBC on Tuesday. The media reports regarding the alleged initiative provoked a strong response from Washington, which labeled it “hostile.”
Earlier, Punchbowl News reported, citing a source familiar with Amazon’s intentions, that the retailer would “soon” start indicating tariff costs next to product prices.
“This was never approved and is not going to happen,” Amazon spokesperson Tim Doyle told CNBC, clarifying that the company had only “considered” listing import charges on select items sold within Haul, a section of their platform featuring ultra-low-cost products shipped directly from Chinese manufacturers.
A source familiar with the situation told CNBC that Amazon had thought about adding a separate line item for Haul products as a reaction to U.S. President Donald Trump's decision to eliminate the so-called de minimis trade loophole. This exemption, which is set to end on May 2, currently permits duty-free imports of packages valued under $800.
The source stressed that the plan was not related to Trump's 145% tariff on Chinese imports.
The initial report regarding Amazon’s intended course of action sparked significant backlash from the White House. During a daily press briefing, Press Secretary Karoline Leavitt referred to the reported move as a “hostile and political act.”
“Why didn’t Amazon do this when the Biden administration hiked inflation to the highest level in 40 years?” Leavitt asked.
According to a source cited by NBC News, Trump personally reached out to Amazon founder and former CEO Jeff Bezos on Tuesday morning to express his discontent regarding the Punchbowl report.
The president later told reporters that Bezos “was very nice, he was terrific” during the call and that “he solved the problem very quickly.”
Earlier this month, Trump introduced extensive tariffs on various countries, with Chinese goods facing duties of up to 145%. The president contended that the measure would assist in reviving domestic manufacturing and correcting a skewed trade balance. In response, Beijing has implemented its own tariffs and export restrictions.
Lucas Dupont for TROIB News
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