this post was submitted on 29 Apr 2025
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Economics

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White House blasts Amazon over tariff cost report: 'Hostile and political act' (www.cnbc.com)
submitted 2 days ago* (last edited 2 days ago) by MicroWave@lemmy.world to c/economics@lemmy.world
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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.
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[–] DarkFuture@lemmy.world 10 points 2 days ago

Aww, the billionaires are fighting. We should feel sorry for them.