Amazon CEO Andy Jassy says consumers are starting to see the impact of tariffs less than a year after President Donald Trump implemented sweeping fees on a range of imported goods. During an interview with CNBC, Jassy says the inventory Amazon and third-party sellers prebought in early 2025 to keep prices low has “run out,” which means “you start to see some of the tariffs creep into some of the prices.”
The admission comes just one day after a study from the Kiel Institute for the World Economy found that foreign exporters absorb just 4 percent of the cost of tariffs, while 96 percent is passed on to American consumers. “Some sellers are d …
Read the full story at The Verge.
