Amazon (AMZN) Chief Executive Officer (CEO) Andy Jassy is warning that U.S. President Donald Trump's tariffs are starting to cause price increases at the e-commerce company.
Jassy said in a media interview that Amazon had pulled forward its inventory shipments in early 2024 and urged third-party sellers to bring in more stock to lessen the blow of tariffs.
However, Jassy added, “that supply has run out in the fall,” and said that prices are now starting to move higher for items sold by Amazon on its e-commerce platform.
“We're starting to see some of the tariffs creep into some prices. Some sellers are deciding that they're passing on those higher costs to consumers,” said the Amazon CEO.
Jassy stressed that consumers have proven to be resilient in the face of higher prices, with people continuing to shop and searching out bargains.
“Amazon's consumers overall have fared well. But we'll have to see what happens in 2026,” he said.
AMZN stock has been flat (up 0.13%) over the last 12 months. It currently trades at $231 U.S. per share.
