Amazon's CEO: No 'Meaningful' Price Increases Yet on the Products You're Buying

Amazon CEO Andy Jassy on stage during the presentation on Feb. 26, 2025, in New York City. Corin Cesaric/CNET During Amazon's annual shareholder meeting this week, CEO Andy Jassy said that the giant retailer hasn't yet spotted major changes in average prices or shopper demand stemming from US-imposed tariffs. "We have not seen any attenuation of demand at this point," Jassy said in the meeting, which was held virtually. "We also haven't yet seen any meaningful average selling price increases." Other big retailers including Target and Walmart have acknowledged that tariffs could bring higher prices. You can monitor the effect tariffs are having on prices with CNET's Tariff Tracker Index, which is keeping an eye on the prices of 11 popular products. Amazon said previously that it was stocking up on some goods and making supply chain changes to try to keep prices low for customers. At one point, the US was imposing a 145% tariff on goods imported from China. Products such as electron ... Read full article.