Amazon CEO Andy Jassy says tariffs haven't dented consumer spending

Andy Jassy, CEO of Amazon, speaks during an unveiling event in New York on Feb. 26, 2025. Amazon CEO Andy Jassy said Wednesday that the company hasn't seen any signs of consumers tightening their wallets in the face of President Donald Trump's sweeping tariffs. Jassy's comments came during Amazon's annual shareholder meeting, which was held virtually on Wednesday. "We have not seen any attenuation of demand at this point," Jassy said during a question-and-answer portion of the meeting. "We also haven't yet seen any meaningful average selling price increases." Amazon and other retailers continue to digest the impact of Trump's tariffs. Rival retailer Walmart warned last week that consumers could start seeing price hikes from tariffs later this month and in June. Within days, that sparked the ire of Trump, who urged the company to "EAT THE TARIFFS." ... Read full article.