Never mind.
Billionaire Jeff Bezos’ Amazon announced Tuesday the company won’t display added tariff costs next to product prices on its site.
The latest news comes after a report that the e-commerce giant would soon show the markups, which was met with fury from the White House and Donald Trump himself.
The president reportedly called Bezos to express his frustration. In the meantime, White House Press Secretary Karoline Leavitt referred to the plans as a “hostile and political act by Amazon.”
Earlier Tuesday, Punchbowl News had reported that Amazon planned to start showing how much of each product’s cost derived from tariffs “right next to” its total listed price, citing an anonymous source familiar with the matter.
The administration changed its tune following Amazon’s clarifying statement.
“Jeff Bezos was very nice. He was terrific,” Trump told reporters before leaving the White House for Michigan on Tuesday afternoon. “He solved a problem very quickly and he did the right thing. He’s a good guy.”
Bezos was one of a handful of powerful, ultra-wealthy tech titans who attended Trump’s inauguration in January — filling some of the most exclusive seats right behind the president. Amazon shelled out $1 million for Trump’s inaugural fund.
But Trump’s relationship with much of the corporate world has been tested since, as the tariff wars he’s launched with nearly all of America’s trading partners continue to plunge companies into uncertainty.
Trump’s tariffs — and responding retaliation from targeted countries, notably China — threaten to increase prices for both consumers and businesses. Economists warn these import taxes will hike prices for a range of goods consumers buy each day and lead to worse inflationary pressure.
Many CEOs and companies have shared weaker outlooks due to the new — and at times on-again, off again — import taxes. And some big names have already raised prices, including Amazon rivals Temu and Shein.
Earlier this month, Temu and Shein said in separate but nearly identical notices that their operating expenses had gone up “due to recent changes in global trade rules and tariffs”— both announcing price hikes to take effect last Friday (April 25).
Temu, owned by the Chinese e-commerce company PDD Holdings, now lists added “import charges” — which have reportedly doubled many items’ prices, although those available in local warehouses currently appear to be exempt. Meanwhile, Shein, now based in Singapore, has a checkout banner that reads, “Tariffs are included in the price you pay. You’ll never have to pay extra at delivery.”
The Associated Press contributed to this report.
