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Andy Yasi, CEO of Amazon, performs during the opening of the event in New York on February 26, 2025.
Michael Nagl | Bloomberg | Gets the image
Amazon Andy Yasi CEO said on Wednesday that the company did not see the signs of consumers that strengthen their wallets before the president Donald Trump‘S sweep tariffs.
Yasi’s comments came during Amazon’s annual shareholder meeting, which took place almost Wednesday.
“At that moment, we did not see the weakening of demand,” Jasi said during the meeting. “We have not yet seen significant average sale prices.”
Amazon and other retailers continue to digest the influence of Trump tariffs. Earlier this month Amazon coofted “Tariffs and Trade Policy” as one of several factors that could make their recommendations for the current quarter to change.
Rival retailer Walmart warned last week What consumers can start seeing the hike from the tariffs at the end of this month and in June. For a few days it caused Trump’s anger, who called The company “Eating Tariffs”.
Target – Note Wednesday is likely to need a hike to some subjects A home depot – Note It expects to retain its current pricing level.
Amazon faces a significant impact on the levy via its retail unit, which lays out some goods from China. Eat – said last month The company has made some “strategic shopping purchases” to stock up on goods and “quite manic focused” on conservation of buyers.
Some other sellers that accounted for approximately 60% of the products sold have an increase in prices At certain points, and others decided to keep the prices stable, Yasi said on Wednesday.
“I think the diversity and size of our market really help customers to have the best choice of the best prices,” Yassi said.
Before the part of the Q-AD-Amazon Investors listened to eight external proposals concerning the reporting company emissions, working conditions in composition and climatic impact of its data centers.
All the resolutions that Amazon recommended that investors were rejected. The voting results are expected to be released shortly after the meeting.