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.”
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“This is a hostile and political act by Amazon.” – Karoline Leavitt
I’ve never met more incompetent people in my whole life.
— Spencer Hakimian (@SpencerHakimian) April 29, 2025
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.
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