Amazon faces backlash as stock sinks amid White House criticism over proposed tariff display

Amazon's stock sank sharply following criticism from the White House for a proposed display of tariff costs. Clarifications from the company revealed no such plan was approved.

Sources:
Cnbc+1
Updated 3h ago
Section 1 background
Tariff on goods from China
145%
Cnbc
Percentage of products made in China
70%
Cnbc
Key Facts
  • Amazon’s stock sank on Leavitt’s comments when trading opened Tuesday morning.The Washington Post1
  • The White House criticized Amazon for reportedly planning to display the cost of President Donald Trump’s tariffs next to the total price of products on its site, calling it a hostile and political act.Cnbc
  • Amazon later clarified that displaying tariff surcharges was never approved and is not going to happen.Cnbc
  • Amazon’s business has come under strain due to Trump's sweeping tariffs, particularly the 145% duty on imports from China.Cnbc

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