Jeff Bezos backs down on tariff pricing after Trump call
Donald Trump announced that he had a "good call" with Jeff Bezos, who decided to abandon plans to display tariff costs alongside product prices on Amazon. Previously, the White House sharply criticized the idea as a "a hostile and political act."
What do you need to know?
- Donald Trump had a conversation with Jeff Bezos, which led to a change in Amazon's plans regarding displaying tariff costs.
- Amazon had planned to show what part of product prices accounted for tariffs imposed by Trump, which was met with criticism from the White House.
- Jeff Bezos abandoned the plans after the conversation with Trump, which the U.S. president described as the "right thing."
What were Amazon's plans?
– Jeff Bezos was very nice. He was terrific. He solved the problem very quickly. Good guy – Trump told reporters just before departing for a rally in Michigan. He was referring to reports of Amazon's decision to abandon the planned display of tariffs' share in product prices.
According to the morning report from Punchbowl News, Amazon was considering introducing information about the impact of tariffs imposed by Trump on the prices of sold goods. The White House spokeswoman criticized this idea as "a hostile and political act."
A few hours later, Amazon announced that it does not intend to implement this proposal, noting that it was only an internal idea analyzed by the Amazon Haul team, responsible for offering the cheapest products under $20.
What was the relationship between Trump and Bezos?
Jeff Bezos, who stepped down as CEO but still serves as Amazon's executive chairman, was previously criticized by Trump, including for the activities of "The Washington Post," owned by the billionaire.
During the election campaign, Bezos tried to get closer to Trump, among other things, by influencing editorial content and financially supporting the president's inaugural committee. He was also an honorary guest during his inauguration.
