Amazon CEO: Sellers Will Pass On Tariffs To Consumers

CNBC reports: 

Amazon CEO Andy Jassy said Thursday the company is still digesting the impact of President Donald Trump’s sweeping tariffs, but that its vast network of third-party sellers may “pass that cost on” to consumers.

“I understand why, I mean, depending on which country you’re in, you don’t have 50% extra margin that you can play with,” Jassy said in an interview with CNBC’s Andrew Ross Sorkin. “I think they’ll try and pass the cost on.”

Amazon’s third-party marketplace is made up of millions of sellers, many of which are based in China or source their products from the region. Third-party sellers now account for about 60% of all products sold on Amazon’s website.

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