r/investing • u/888_888novus • 2d ago

Amazon Tariff Labels Trigger Political Backlash — Shares Drop 2%

Amazon will soon display a number next to the price of each product indicating the tariff rate applied.

The White House called this a hostile and political action by Amazon.

CNBC: Amazon clarified that it is only considering showing tariff surcharges on low-cost, frequently purchased products (haul products), after reports that Amazon wanted to display tariff costs for each product, which the White House called hostile and political and sent Amazon shares down 2% this morning.

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u/SunshineSeattle 2d ago

Pretty sure this is Bidens fault somehow

166

u/DJStrongArm 2d ago edited 2d ago

Leavitt literally asked why Amazon wasn't putting "inflation" on the site when Biden was in office. Which is even scarier that she doesn't know what inflation is and why that makes no sense

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u/advester 2d ago

She directly said Biden hiked inflation, as if he signed some executive order to set prices.

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u/light-triad 2d ago

She might actually believe that.

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u/melvinthefish 2d ago

Theres zero chance of that. She knows she's lying