Andy Jassy, Amazon CEO, talks about a disclosure event in New York on February 26, 2025.
Michael Nagle | Bloomberg | Getty images
Amazon CEO Andy Jassy said on Wednesday that the company had seen no consumer sign tightening their portfolios in the face of President Donald Trump’s radical rates.
Jassy’s comments occurred at the annual Amazon shareholder meeting, which was held practically on Wednesday.
“We have not noticed any attenuation of the request at this stage,” said Jassy during a game of question and answer to the meeting. “We have not yet seen a significant increase in selling prices yet.”
Amazon and other retailers continue to digest the impact of Trump’s prices. Earlier this month, Amazon underlined the “rates and commercial policies” as one of the many factors that could make advice for current change.
Rival retailer Walmart warned last week that consumers could start to see price increases later this month and in June. In a few days, it sparked Trump’s anger, who urged the business to “eat the prices”.
Target said on Wednesday that it will probably have to increase prices on certain items, while Home Depot said it expects to maintain its current price levels.
Amazon faces a significant exposure to samples thanks to its retail unit, which is purchased in certain goods from the tariff China. Jassy said last month, the company had made “strategic inventory purchases” to fill up on goods and is “focused in a fairly maniac” on prices for buyers.
Some third -party sellers, which represent around 60% of the products sold, increased prices on certain items, while others have chosen to maintain stable prices, Jassy said on Wednesday.
“I think that the diversity and size of our market really help customers have the best selection of the best prices,” said Jassy.
Before the Q-E-A part, Amazon investors listened to eight external proposals concerning the reports of the company’s emissions, the working conditions of the warehouse and the climate impact of its data centers, among others.
All resolutions, against which Amazon recommended investors to vote, have been rejected. Voting totals should be published shortly after the meeting.
