White House blasts Amazon over tariff cost report: 'Hostile and political act'
White House blasts Amazon over tariff cost report: 'Hostile and political act'
www.cnbc.com
Trump complained to Bezos before Amazon said it scrapped idea to display tariff cost
KEY POINTS
- The White House slammed Amazon for reportedly planning to display the cost of Trump’s tariffs next to the total price of products on its site.
- “This is hostile and political act by Amazon,” White House press secretary Karoline Leavitt said at a press briefing with Treasury Secretary Scott Bessent.
- Shares of the retail giant founded by Jeff Bezos dropped in premarket trading following the remarks.
- About 70% of products sold by the company are made in China. Trump slapped tariffs as high as 145% on imports from that country.
