Amazon Executive (CEO) of Amazon, Andy Jassy, suggested on Thursday that external vendors will transfer the cost of tariffs to consumers, while the company continues to direct the impact of the taxes of the president of the US, Donald Trump.
“I suppose that the sellers will have the cost. Depending on the country you are in, you do not have 50% ‘extra’ margin with which you can play,” Jassy reflected in an interview for CNBC.
The executive director said that the company made some “strategic purchases of future inventory” and that it tried to renegotiate the terms of some purchase orders with the aim of maintaining low prices on its online purchase platform.
Jassy insisted that they are doing “everything they can” to keep prices as low as possible.
After Trump’s announcement of the tariffs, Amazon began canceling some orders of products from China, according to CNBC consultants.
Some home articles suppliers were prepared for Amazon to collect their products in the shipping ports, but received a notification through an internal system that the orders had been canceled.
Lee also: Chinese Amazon vendors will upload their prices or leave EU after new tariffs
Consumers already anticipate prices at Amazon
The company indicated that it seems that consumers are accumulating certain articles, anticipating a rise in prices after the implementation of tariffs, but ensures that it is too early to know the scope of this behavior.
“People have not stopped buying and, in certain categories, we see that people buy in advance, but it is difficult to know if it is only an anomaly in the data because they are just a few days or how long it will last,” he concluded
In recent days, Trump has transmitted his tariff plan with respect to those he considers as “reciprocal tariffs” to products from different countries. Yesterday he communicated a 90 -day tariff pause to most of these, although the 10%rate is maintained, except for China.
With EFE information
Follow us on Google News to always keep you informed
