Amazon CEO Andy Jassy said on Thursday that Amazon sellers would probably respond to President Donald Trump’s tariffs by raising prices for consumers.
“I think they [sellers] will try and pass the cost on,” Jassy told CNBC in an interview.
Trump levied a 10% tariff on all trading partners and an “at least” 145% tariff on China earlier this week that could impact consumer prices. The tariff news has thrown Amazon sellers into a panic because the majority of goods on the platform, up to 70% of products per Wedbush Securities estimates, come from China.
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