Amazon CEO Andy Jassy: No Slowdown In Consumer Spending Amid Tariffs

Benzinga

Amazon Inc. CEO Andy Jassy said Wednesday that Trump-era tariffs have not significantly altered consumer demand or average selling prices. At Amazon’s annual shareholder meeting, CEO Andy Jassy said consumer demand remains steady and average selling prices have not meaningfully increased, according to CNBC. While Walmart and Target have warned of potential price hikes, Amazon aims to keep prices low through its broad marketplace offering strong selection and value. Investors at the meeting rejected eight external proposals, including those on emissions and warehouse conditions. A recent easing of U.S.-China tariffs triggered a market rally that added nearly $830 billion to tech companies’ valuations, highlighting their resilience amid tariff tensions.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Amazon CEO Andy Jassy said Wednesday that Trump-era tariffs have not significantly altered consumer demand or average selling prices.

00:10In Amazon's annual shareholder meeting, CEO Jassy said consumer demand remains steady and average selling prices have not immediately increased, according to CNBC.

00:19While Walmart and Target have warned of potential price hikes, Amazon aims to keep prices low through its broad marketplace, offering strong selection and value.

00:27The investors at the meeting rejected eight external proposals, including those on emissions and warehouse conditions.

00:33A recent easing of U.S.-China tariffs triggered a market rally that had nearly $830 billion to tech companies' valuations, highlighting their resilience amid tariff tensions.

00:42For all things money, visit Benzinga.com slash GSTV.

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