Amazon CEO says online sellers could pass US tariff costs to customers


Amazon.com chief executive officer Andy Jassy said the e-commerce company would try to keep prices low but said online sellers could pass some tariff costs on to customers.

“We look at all the things that could impact consumers and customers,” he said Thursday in an interview with Andrew Ross Sorkin on CNBC. “It’s hard to know what’s really going to happen. There’s a lot of flux right now.”

Asked if he was talking to the Trump administration about tariffs, he said Amazon had shared its concerns and that US officials were aware of them.

Jassy also released his annual letter to shareholders, in which he said Amazon had to operate like the “world’s largest start-up” as it worked to meet demand for artificial intelligence (AI) and cut bureaucracy in its ranks.

Amazon CEO Andy Jassy. Photo: Reuters
Amazon CEO Andy Jassy. Photo: Reuters

Amazon, like most of the largest technology companies, has bet heavily on AI, committing much of its US$100 billion in planned capital expenditures this year to AI-related projects.



Source link

Scroll to Top