Trump tariffs haven't impacted Amazon's prices or customer spending, says CEO

In brief: Amazon CEO Andy Jassy has assured the company's shareholders that Trump's tariffs have neither increased average selling prices of items on the site nor have they affected consumer demand. It comes a few weeks after Amazon was blasted by the White House over a plan to show exactly how much the tariffs will increase the cost of items on its Amazon Haul site. Speaking during a question and answer session at Amazon's annual shareholder meeting, Jassy said "We have not seen any attenuation of demand at this point […] We also haven't yet seen any meaningful average selling price increases." "When you have 2 million sellers, they're not all going to take the same action." Jassy admitted that some sellers have increased prices on the site, while others have kept them static. But according to the CEO, overall average prices and consumers' willingness to spend have remained unchanged so far. Chinese companies selling on Amazon are one group that has raised prices. An April report ... Read full article.