At Amazon’s annual shareholder meeting on Wednesday, CEO Andy Jassy told viewers (the conference was virtual) that tariffs have not had a “meaningful” effect on prices.
“We have not seen any attenuation of demand at this point,” Jassy said, per CNBC. “We also haven’t yet seen any meaningful average selling price increases.”
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Jassy said that Amazon can keep prices low because its platform has a wide range of sellers (more than 60% of products sold are third-party, the company notes).
“I think that the diversity and the size of our marketplace really helps customers have the best selection of the best prices,”