Amazon denies disclosing detailed product tariffs, stock price recovers most of the intraday gains

Zhitong
2025.04.29 22:13
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Amazon denied that it would indicate the details of product tariffs on its official website. After a brief drop in the morning session, its stock rebounded, closing down slightly by 0.17%. Since the beginning of this year, Amazon's stock has fallen by a cumulative 14%, mainly due to market concerns about tariffs. The White House press secretary called this move "an act of hostile politics," while an Amazon spokesperson stated that the proposal had not been approved. Trump expressed concern about this and stated that Bezos made the right decision. Amazon will release its first-quarter financial report this Thursday