Amazon CEO Andy Jassy says tariffs haven’t dented consumer spending

Amazon CEO Andy Jassy mentioned Wednesday that the corporate hasn’t visible any indicators of shoppers tightening their wallets within the face of President Donald Trump’s sweeping price lists.

Jassy’s feedback got here all the way through Amazon’s annual shareholder assembly, which was once held just about on Wednesday.

“We have not seen any attenuation of demand at this point,” Jassy mentioned all the way through a question-and-answer portion of the assembly. “We also haven’t yet seen any meaningful average selling price increases.”

Amazon and alternative shops proceed to digest the affect of Trump’s price lists. Jassy mentioned utmost age the corporate made some “strategic forward inventory buys” to keep up on items. Some third-party dealers, which account for more or less 60% of goods offered, have higher costs on sure pieces, presen others have saved costs stable, Jassy mentioned Wednesday.

“I think that the diversity and the size of our marketplace really helps customers have the best selection of the best prices,” Jassy mentioned.

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