Amazon.com, Inc. (AMZN) CEO Jassy Says Trump Tariffs Haven’t Slowed Consumer Spending

Amazon.com, Inc. (NASDAQ:AMZN)’s CEO Andy Jassy said Wednesday that consumer spending shows no signs of slowing, despite sweeping tariffs imposed by President Trump. Speaking at the company’s annual shareholder meeting, Jassy confirmed demand remains stable and average selling prices have not risen significantly, despite tariff exposure on goods sourced from China.

To counter supply chain risks, AMZN executed early inventory buys, aiming to shield shoppers from cost hikes. In contrast, Walmart and Target signaled looming price increases, while Home Depot plans to hold prices steady. Trump criticized Walmart’s response, demanding it “EAT THE TARIFFS.”

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Jassy noted that third-party sellers, who drive about 60% of Amazon.com, Inc. (NASDAQ:AMZN)’s retail volume, have taken mixed pricing approaches. Still, he emphasized that the marketplace’s scale helps maintain competitive selection and pricing.

Separately, Amazon.com, Inc. (NASDAQ:AMZN) faced pressure on ESG fronts. Shareholders voted down all eight external proposals, including those targeting carbon transparency, workplace safety, and data center sustainability, each opposed by company leadership. Final vote counts will be disclosed shortly.

The meeting capped off a turbulent period: layoffs in AMZN’s devices group, a robotaxi recall from Zoox, and Jeff Bezos’s plan to unload $4.8 billion in stock. Still, Amazon signals confidence in its ability to manage policy headwinds without compromising customer value.

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