Amazon CEO Andy Jassy said on Tuesday that US President Donald Trump’s sweeping tariffs are starting to be reflected in the price of some items as sellers evaluate how to absorb the impact of the additional costs.
“So you start to see some of the tariffs creeping into some of the prices, some of the items, and you see that some sellers are deciding to pass on those higher costs to consumers in the form of higher prices, some are deciding to absorb them to drive demand and some are doing something in between,” Jassy said in an interview with CNBC. “I think you’re starting to see more of that impact,” he added.
Amazon and many of its third-party merchants bought inventory in advance to try to get ahead of tariffs and keep prices low, but most of that supply ran out last fall, the CEO said.
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Last year, Jassy had said that Amazon had not seen “prices rise significantly” a few months after Trump announced sweeping tariffs.
