Amazon CEO Andy Jassy said Wednesday that the company hasn’t seen any signs of consumers tightening their wallets in the face of President Donald Trump’s sweeping tariffs. Jassy’s comments came during Amazon’s annual shareholder meeting, which was held virtually on Wednesday. “We have not seen any attenuation of demand at this point,” Jassy said during a question-and-answer portion of the meeting. “We also haven’t yet seen any meaningful average selling price increases.” Amazon and other retailers continue to digest the impact of Trump’s tariffs. Earlier this month, Amazon pointed to “tariffs and trade policies” as one of several factors that could make its guidance for the current quarter subject to change.
: During Amazon’s annual shareholder meeting, Jassy said, “We have not seen any attenuation of demand at this point,” and added that there have been no “meaningful average selling price increases,” according to CNBC. Despite the ongoing impact of Trump’s tariffs, Amazon and other retailers are still assessing their effects. Amazon previously cited “tariffs and trade policies” as potential factors that could alter its guidance for the current quarter. While other retailers like Walmart and Target have warned about potential price hikes due to tariffs, Amazon remains committed to keeping prices low for shoppers.
Amazon’s CEO Andy Jassy has revealed that the company has not seen significant changes in average selling prices or consumer spending habits based on Donald Trump’s tariff policy. His statements at Amazon’s annual shareholder meeting serves as another nail in the coffin for warnings of economic doom spouted by hysterical Trump haters. TechSpot reports that in a recent Q&A session at Amazon’s annual shareholder meeting, CEO Andy Jassy addressed growing concerns over how the Trump administration’s tariffs on Chinese imports could affect the e-commerce giant’s business. Jassy stated that, in contrast to warnings from retailers like Walmart and Target about imminent price hikes, Amazon has neither experienced notable increases in average selling prices nor observed any decline in consumer demand.
