Amazon CEO Andy Jassy expressed optimism that the company can emerge from the current tariff environment stronger than before, citing the Covid-19 pandemic as a precedent. In his first-quarter earnings call, Jassy stated that Amazon’s broad selection, low pricing, and speedy delivery have helped it maintain its market share despite uncertain economic conditions.
The company beat expectations in its first-quarter earnings report but issued a wider guidance range due to uncertainty around President Donald Trump’s tariffs. CFO Brian Olsavsky attributed the wider range to the general uncertainty surrounding consumer demand and tariff policies.
However, Jassy pointed out that not all sellers on Amazon will raise prices despite facing higher import costs. With 70% of goods coming from China, some sellers may choose to keep prices low by pulling forward items in anticipation of tariffs. This diversity among sellers gives Amazon a better chance to capture share and keep prices competitive.
Jassy emphasized the company’s focus on keeping prices low for consumers, but acknowledged that the outcome of the tariffs is difficult to predict. “It’s hard to tell what’s going to happen with tariffs right now,” he said.
Source: https://www.cnbc.com/2025/05/01/amazon-jassy-tariffs.html