Amazon CEO: tariffs have not impacted prices

The headline from the cited article is: Amazon CEO Andy Jassy Says Tariffs Have Not Affected Sales

And regarding prices, ... from the cited article ...

... Amazon CEO Andy Jassy told shareholders during a virtual meeting Wednesday (May 21) that the tariffs the President Donald Trump administration imposed on imported goods have not affected sales.

"We also haven't yet seen any meaningful average selling price increases," Jassy said, according to a Wednesday Reuters report. "When you have 2 million sellers, they're not all going to take the same action."

Some sellers have increased prices while others have kept prices the same, he said, per the report. ...

So, some of Amazon's retailers have raised prices, while others have kept the prices the same.

To me, that looks like an increase in the average prices on Amazon.

Some raised, some stayed the same, none were reported to be lowered.

So, net, net, an average increase?

@#2 ... and the AVERAGE selling price has not changed, ...

From the summary of this cited article...

... We also haven't yet seen any meaningful average selling price increases ...

[emphasi by the poster of this thread]

So, now, your current alias seems to say that "any meaningful increase" is equivalent to "has not changed?"

@#7 ... You are quickly trying to take Lamp's crown as the most ------- stupid poster on this website. ...

I notice that the poster of that ad hominem attack seems to have nothing to gainsay my #5 post.

@#9 ... You said "buyers are simply not buying from the sellers that raised prices". That is known as "affecting sales". ...

Hey, you are gonna hafta stop quoting that current trolling alias' comments against what it posts.

:)

@#8 ... It's intellectual dishonesty. ...

I may have a concern about the attribution of "intellectual" in this case.

That aside, dishonesty?

imo, yeah.

@#7 ... I said if you were too stupid or too lazy....case closed ...

Yeah, as if that matters.

:)

... So, as predicted by Trump and other - the manufacturers and middle men eat the tariffs and the tariffs ARE NOT paid by the US consumers. ...

No, what was actually said by Pres Trump was that the foreign Countries, e.g. China, pay the tariffs.

Not Americans consumers or American companies or American middle men.

Fact check: Trump and Vance keep falsely describing how tariffs work September 2024)
www.cnn.com

... Former President Donald Trump and Republican vice presidential nominee Sen. JD Vance continue to falsely describe how one of their major policy proposals, across-the-board tariffs, would work.

Trump has falsely, and repeatedly, claimed that China " not US importers " pay the tariff.

At a rally in Arizona in mid-August, he claimed that Vice President Kamala Harris, his Democratic opponent, is lying when she refers to his tariff plan as a "Trump tax."

"She is a liar. She makes up crap ... I am going to put tariffs on other countries coming into our country, and that has nothing to do with taxes to us. That is a tax on another country," Trump said.

In September, he repeated the claim during an interview with Fox News: "It's not a tax on the middle class. It's a tax on another country."

And he said again during a rally in Wisconsin Saturday that "it's not going to be a cost to you, it's going to be a cost to another country."

Vance said in late August that as a result of tariffs Trump imposed during his presidency, "prices went down for American citizens."

"They went up for the Chinese but they went down for our people," Vance added.

But that's not true. ...

Many links in that article.

But the gist is, Pres Trump and VP Vance lied to the American people about who pays tariffs.