Sellers will likely pass the extra cost caused by tariffs onto consumers.
Transcript:
As the world remains in wait-and-see mode over the next 90 days, one of the world’s largest retailers has a message for consumers: Be prepared to pay more.
Amazon CEO Andy Jassy says the company has made some strategic moves to try and keep costs down on its website, but it’s a different story when it comes to third-party sellers.
Jassy says they might not have a choice but to increase prices, saying “I understand why, I mean, depending on which country you’re in, you don’t have 50% extra margin that you can play with. I think they’ll try and pass the cost on.”
The CEO went on to say that Amazon has seen consumers begin to stock up on certain items in anticipation of rising prices.
“People have not stopped buying and in certain categories, we do see people buying ahead, but it’s hard to know if it’s just an anomaly in the data because it’s just a few days, or how long it’s going to last.”
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