Amazon CEO Andy Jassy: Consumers Likely to Pay Cost of Tariffs
Amazon’s third-party sellers are likely to try to pass the cost of tariffs on to consumers, Amazon CEO Andy Jassy said Thursday (April 10).Interviewed on CNBC, which shared the video on its website, Jassy said sellers may not have the margin to absorb the tariffs themselves.“So, I think they’ll try and pass the cost on,” Jassy said.Asked about reports that Amazon has cut back on its purchases from China, Jassy said the company is doing everything it can to keep prices as low as possible for its customers.“W ...