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Key Takeaways
- White Home Press Secretary Karoline Leavitt referred to as Amazon's plans to quantify the affect of tariffs on costs a "hostile and political act."
- The feedback got here after Punchbowl Information reported that Amazon plans to indicate how a lot of 's value is attributed to tariffs subsequent to an merchandise's whole value.
- Amazon didn't instantly reply to requests for remark. It desires to keep away from being blamed for greater costs, Punchbowl reported.
The White Home on Tuesday referred to as plans to indicate customers how tariffs affect costs on Amazon (AMZN) a “hostile and political act.”
Press Secretary Karoline Leavitt knocked Amazon's plans throughout a press convention Tuesday. Amazon will quickly present how a lot of 's value is attributed to tariffs subsequent to the full value, Punchbowl Information reported Tuesday.
The e-commerce big is reportedly making the transfer to keep away from being blamed for greater costs, the outlet mentioned.
"This can be a hostile and political act by Amazon," Leavitt mentioned. "Why didn't Amazon do that when the Biden Administration hiked inflation to the best stage in 40 years?"
Amazon didn't instantly reply to Investopedia's request for remark. The corporate's shares have been down greater than 1% in early buying and selling.
