Andy Jassy, CEO of Amazon, speaks throughout an unveiling occasion in New York on Feb. 26, 2025.
Michael Nagle | Bloomberg | Getty Photographs
Amazon CEO Andy Jassy mentioned Wednesday that the corporate hasn’t seen any indicators of shoppers tightening their wallets within the face of President Donald Trump’s sweeping tariffs.
Jassy’s feedback got here throughout Amazon’s annual shareholder assembly, which was held nearly on Wednesday.
“We’ve got not seen any attenuation of demand at this level,” Jassy mentioned throughout a question-and-answer portion of the assembly. “We additionally have not but seen any significant common promoting worth will increase.”
Amazon and different retailers proceed to digest the affect of Trump’s tariffs. Jassy mentioned final month the corporate made some “strategic ahead stock buys” to top off on items and is “fairly maniacally targeted” on maintaining costs low for customers.
Some third-party sellers, which account for roughly 60% of merchandise bought, have elevated costs on sure gadgets, whereas others have stored costs regular, Jassy mentioned Wednesday.
“I believe that the variety and the dimensions of our market actually helps clients have the very best choice of the very best costs,” Jassy mentioned.
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