Elizabeth Warren Asks Jeff Bezos If Trump Threatened Retaliation Or Offered 'Favors' After Calling Him 'Very Nice' For Amazon's Reversal On Showing Tariff Fees
Amazon.com, Inc. AMZN | 0.00 |
Sen. Elizabeth Warren pressed Amazon.com Inc. (NASDAQ:AMZN) founder Jeff Bezos on Wednesday over the company's abrupt decision to scrap a feature that would have shown shoppers how much Trump-era tariffs add to prices.
What Happened: In a pointed letter, the Massachusetts Democrat asked whether a phone call from President Donald Trump, who reportedly fumed over the plan, led Bezos to pull the plug and, in return, secure "promises or favors." Warren warned that hiding tariff costs "keeps consumers in the dark" and could signal a corrupt quid pro quo between Big Tech and the White House.
Amazon denies any deal-making. Spokesperson Tim Doyle, in a statement shared with CNBC, said displaying tariffs "was never approved," adding the idea surfaced only for the China-to-U.S. Haul storefront before being shelved. Trump during a press briefing Tuesday afternoon, said, “Jeff Bezos is very nice. Terrific. He solved the problem very quickly. He did the right thing. Good guy.”
Warren wants details: What exactly was planned, when did Amazon reverse course, and did Trump threaten retaliation or dangle exemptions? She gave Bezos until May 13 to respond.
See also: Trump’s 145% China Tariffs Spark Seller Backlash As Amazon Prime Day 2025 Faces Pullouts And Discount Cuts: Report
Why It Matters: Warren isn’t the only one who found the Bezos-Trump exchange odd. Economist Peter Schiff blasted Trump for phoning Bezos to quash Amazon's plan to reveal tariff costs at checkout. Calling the move "the type of stuff you might expect to see in China," Schiff argued that consumers deserve to see the hidden taxes baked into prices and rejected the White House's claim that such transparency is "hostile and political."
Trump, who has slapped Chinese goods with tariffs as high as 145% and a 10% levy on other imports, praised Bezos for nixing the idea, saying the Amazon founder "solved the problem very quickly." Meanwhile, Goldman Sachs analysts warn that Trump's tariff regime could shave 6%–12% off Amazon's 2025 operating margins.
Price Action: Amazon stock closed at $184.42 on Wednesday, down 1.58% for the day. In pre-market trading, however, the stock is up to $191.70, by 3.95%. Year to date, Amazon shares have dropped 16.26%, according to data from Benzinga Pro.
Image via Shutterstock
Read next: If You Invested $10K In Amazon Stock 10 Years Ago, How Much Would You Have Now?
Recommend
- Sahm Platform 10/11 07:45
US Market Preview | GLTO Gains 303.6%; Gold Prices Soar More Than 2%; Tesla's China October Exports & Car Sales Dip; Senate Deal Nears, US Futures Up
Sahm Platform 10/11 13:45Nasdaq +1.8%, SanDisk Soars 9%, Xpeng Jumps 12% — AI & Chip Stocks Lead Massive Comeback as U.S. Shutdown Deal Nears
Sahm Platform 10/11 15:45Google To Run Ohio Data Centers On Solar Power From TotalEnergies
Benzinga News 12/11 10:46'Amazon's New Echo Show Blends a Display with Alexa+: Hands-On'- Bloomberg
Benzinga News 12/11 15:16Option Signals | AMD jumped 9%, with multiple call options up over 600%. CTRA options volume surged 230x, and calls made up 99%.
Sahm Platform Today 07:15Latest News In E-Commerce - AI Transforms African Payments Yet Faces Key Challenges
Simply Wall St Today 12:07David Tepper's Hedge Funds Bets On AMD, Nvidia In Q3, Takes Profits On Intel
Benzinga News 44m


