The White House lashed out at Amazon on Tuesday for reportedly planning to display how much of a product’s cost comes from Trump’s tariffs. Doing so would emphasize to consumers that U.S. tariffs are not paid by overseas companies, but by the American companies importing the goods, and then largely passed on to customers.
Amazon soon disputed the report, with a spokesperson initially telling The Washington Post that the company was only thinking about listing tariff costs on some products on a lower-cost section of the site called Amazon Haul.
"The team that runs our ultra low cost Amazon Haul store considered the idea of listing import charges on certain products," spokesman Tim Doyle said in a statement. "This was never approved and is not going to happen.“
But Bezos extended an olive branch last summer after Trump was shot in the ear at a rally in Butler, Pa., writing on X that Trump had shown “tremendous grace and courage.” After the Bezos-owned Washington Post decided not to endorse a presidential candidate in 2024, Bezos defended the decision, saying presidential endorsements “create a perception of bias.” When Trump won a second term, Bezos praised Trump’s “extraordinary political comeback and decisive victory” and said at a New York Times event that he wanted to work with Trump to reduce regulation and was “actually very optimistic” about Trump’s return to office.
The on-again-off-again tariff announcements have rattled investors, wiping out trillions in value from stock markets and frustrating business leaders who are struggling to make business decisions without knowing how much goods will cost in the long run.
Bessent acknowledged that some business leaders have pulled back from launching new projects in recent weeks. He said that Trump’s work stripping away federal regulations and a tax bill Republicans hope to pass this summer may include incentives for businesses to buy equipment and build new factories. “Business leaders, they’ve gone into a pause, and I think we are going to give them great certainty on this tax bill,” Bessent said.
Read more: What Congress Got Done in Trump’s First 100 Days
Americans have become more skeptical of Trump’s economic decisions since he took office. A Reuters/Ipsos poll conducted in mid-April found that 37% of Americans approve of Trump’s handling of the economy, down from 42% in late January.
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