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White House Criticizes Amazon Over Reported Tariff Cost Display
Starting Tuesday, Amazon will show shoppers the extra cost added to product prices due to import tariffs introduced during the Trump administration.
Trump imposed tariffs on many countries, including China, following a campaign pledge, with some exemptions and adjustments made later.
The White House criticized Amazon's move as a hostile political act and linked it to efforts to boost domestic manufacturing and secure supply chains.
The White House spokesperson characterized Amazon's actions as hostile and politically motivated on Tuesday morning, coinciding with a drop of over 1.9% in Amazon's share price.
The disclosure could increase consumer awareness of tariff costs and reinforce administration goals of reshoring supply chains amid tariff-driven price rises.
A potential change in the way Amazon presented the prices of its products generated tension with the Trump administration. An internal report that suggested discriminating the cost of the tariffs led to an intervention...