Apple investors seek clarity on tariffs and AI strategy

AMAZON DENIED A report on Tuesday that it planned to disclose to customers on its website the cost that US tariffs imposed by President Donald Trump were adding to its products, after the White House blasted the idea.

- REUTERS

White House press secretary Karoline Leavitt said she had discussed with Trump a report by Punchbowl News about plans to disclose tariff costs, and his message about it was: "This is a hostile and political act by Amazon."

Amazon said on Tuesday it never considered listing tariffs on its main retail site and nothing was implemented on any company site.

"The team that runs our ultra-low-cost Amazon Haul store considered the idea of listing import charges on certain products. This was never approved and (is) not going to happen," a company spokesperson said.

Amazon shares were down 2.2% in premarket trading but later rebounded and were trading nearly flat.

Trump has imposed a tsunami of tariffs on US trading partners, including China which has seen tariff costs rise by 145% since Trump took office.

Automakers and others have said new tariffs could drastically hike the cost of consumer goods.

Amazon set up Amazon Haul in November which could be impacted by tariff changes.

This allows shoppers to purchase $5 handbags and $10 sweaters from China-based sellers, although they face longer shipping times.

Trump this month signed an executive order that closes a trade loophole known as "de minimis" that has allowed low-value packages from China and Hong Kong to enter the US free of duties. The order takes effect on May 2.