The White House, under President Trump, attacked Amazon for planning to show how new tariffs impact product prices. Spokeswoman Karoline Leavitt called it a "hostile and political act." This followed a phone call between Trump and Amazon founder Jeff Bezos, after which Amazon dropped the plan, stating it was never approved.
Amazon had already raised prices due to existing tariffs. The article notes the considerable impact of Trump's tariffs on US trade, citing record-high trade deficits and negative impacts on consumer confidence.
Amazon's decision to abandon transparency regarding tariff costs is highlighted as a response to the administration's pressure. This underscores a broader narrative of the administration’s authoritarian tendencies and retaliatory actions against perceived political opponents.
Trump's erratic trade policies are presented as causing significant harm to the US economy. Import records were broken during the first quarter, with businesses and consumers rushing purchases before further tariff hikes. The economic effects, including depressed consumer confidence and the potential for a sharp slowdown in GDP growth, are emphasized.
The administration is also considering easing tariffs on auto components, showing a potential shift in policy. The situation demonstrates considerable economic consequences resulting from the ongoing trade conflict.