Shares of Amazon tumbled to premarket lows Tuesday after White House Press Secretary Karoline Leavitt called the company's recent decision to display the effect of tariffs on products a "hostile and political act," adding "why didn't Amazon do this when the Biden administration hiked inflation to the highest level in 40 years?"
"It's not a surprise," Leavitt continued, adding "Amazon has partnered with a Chinese propaganda arm. So this is another reason Americans should buy American."
Watch:
“This is a hostile and political act by Amazon.” - Karoline Leavitt
— Spencer Hakimian (@SpencerHakimian) April 29, 2025
I’ve never met more incompetent people in my whole life.
pic.twitter.com/XtExurUQbj
AMZN shares are trading over 2% lower in the pre-market following the remarks.
The e-commerce giant will soon display how much of an item's cost is derived from tariffs - 'right next to the product's total listed price,' Punchbowl News reported earlier Tuesday.
Why does Amazon refuse to disclose where its crap products from companies with fake names are manufactured. Amazon won’t disclose country of origin, but it knows the exact country-specific tariff? https://t.co/KU7gr6ILMe
— Sean Davis (@seanmdav) April 29, 2025
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