Financial News

Amazon denies plan to increase price transparency for customers after being labeled “political and hostile” by the White House

Amazon now says plans to increase price transparency for consumers were never under consideration, following attacks from the White House.

A crisis between Amazon and the government, as a plan to increase transparency, is labeled a “political and hostile act” by the White House.
Brendan McDermid
Maite Knorr-Evans
Maite joined the AS USA in 2021, bringing her experience as a research analyst investigating illegal logging to the team. Maite’s interest in politics propelled her to pursue a degree in international relations and a master's in political philosophy. At AS USA, Maite combines her knowledge of political economy and personal finance to empower readers by providing answers to their most pressing questions.
Update:

Though Amazon founder Jeff Bezos has made decisions within the businesses he owns to cozy up to the Trump administration, including a $40 million deal with Melania Trump for a show on Prime Video and preventing The Washington Post’s editorial board from endorsing either candidate in the 2024 election, it appears that the billionaire is on thin ice with the White House.

Bezos attended President Trump’s inauguration, sitting front and center, back in January.

Amazon denies plan to increase price transparency for customers after being labeled “political and hostile” by the White House
Kenny Holston

Amazon backtracks after coming under fire from the White House

During today’s WHite House Press Confernece, Press Secretary Karoline Leavitt was asked a move by Amazon to show customers how much of the price increase they were facing was attributable to tariffs.

Leavitt described the reported plan as a “political and hostile act.”

The attacks from the White House did not end there. Leavitt also added that Amazon had been collaborating with a Chinese media company, accusing the e-commerce site of peddling messaging favorable to China, as it also benefited their bottom line.

Amazon’s stock has taken a beating following the comments, falling 1 percent in early trading. The company, as well as many third-party vendors that use Amazon to sell their goods, is highly dependent on imports from China, many of which are being taxed at 145 percent due to tariffs imposed by the Trump administration.

After a few hours of trading in the red, Amazon announced that it was not considering adding these price transparency features to the platform. However, Jeff Stein of The Washington Post, reported that Amazon’s spokesperson confirmed that the publishing of import duties was being considered for those shopping through Amazon Haul.

Related stories

In the statement, the company makes clear that they had never planned to provide information to consumers over the impact tariffs were having on the “main Amazon site.”

Get your game on! Whether you’re into NFL touchdowns, NBA buzzer-beaters, world-class soccer goals, or MLB home runs, our app has it all. Dive into live coverage, expert insights, breaking news, exclusive videos, and more – plus, stay updated on the latest in current affairs and entertainment. Download now for all-access coverage, right at your fingertips – anytime, anywhere.

Tagged in:

Comments
Rules

Complete your personal details to comment

Your opinion will be published with first and last names

We recommend these for you in Latest news