White House Says Amazon Showing Tariff Cost is ‘Hostile and Political Act’
The White House has taken aim at one of the biggest companies on the planet, as the administration has called Amazon (AMZN) displaying the cost of US President Donald Trump’s tariffs on each product a “hostile and political act.” Indeed, White House Press Secretary Karoline Leavitt called out the action in a briefing on Tuesday.
Amazon is one of many companies that are looking for ways to cope with the White House’s ‘Liberation Day’ tariff plan. Indeed, the Trump administration announced the sweeping 10% import duty increase on all trade allies. Now, they have spoken out against the e-commerce company’s decision to inform its consumers.
Also Read: Trump’s U-Turn: Tariffs on China Will “Come Down Substantially”
White House Calls Out Amazon for Displaying Tariff Costs Next to Product’s Price
Since early April, the global economy has been dealing with the fallout of the United States’ policy shift toward balanced trade. Indeed, the nation has introduced America-first policies that levied major import taxes on all countries. The move has increased geopolitical tensions, with a US-China trade war on the brink of actualization.
That tariff plan has created tension within the current administration and US businesses. Specifically, the White House has said that Amazon’s decision to show the cost of tariffs on products is a “hostile and political act.” In a press briefing, White House press secretary Karoline Leavitt did not mince words in her response to the action.
Also Read: JPMorgan CEO Calls on US to Engage With China, End Trade War
“This is a hostile and political act by Amazon,” Leavitt said Tuesday, according to a CNBC report. “Why didn’t Amazon do this when the Biden Administration hiked inflation to the highest level in 40 years?” she added.
“This is another reason why Americans should buy American,” Leavitt concluded. Additionally, the tariffs have created a conflict between the White House and the Senate. Indeed, US President Trump has threatened to veto a Senate resolution that would end the global tariffs, Fox News reported. Indeed, the publication reported the president would veto the measure even if it received bipartisan support.
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White House Says Amazon Showing Tariff Cost is ‘Hostile and Political Act’
The White House has taken aim at one of the biggest companies on the planet, as the administration has called Amazon (AMZN) displaying the cost of US President Donald Trump’s tariffs on each product a “hostile and political act.” Indeed, White House Press Secretary Karoline Leavitt called out the action in a briefing on Tuesday.
Amazon is one of many companies that are looking for ways to cope with the White House’s ‘Liberation Day’ tariff plan. Indeed, the Trump administration announced the sweeping 10% import duty increase on all trade allies. Now, they have spoken out against the e-commerce company’s decision to inform its consumers.
Also Read: Trump’s U-Turn: Tariffs on China Will “Come Down Substantially”
White House Calls Out Amazon for Displaying Tariff Costs Next to Product’s Price
Since early April, the global economy has been dealing with the fallout of the United States’ policy shift toward balanced trade. Indeed, the nation has introduced America-first policies that levied major import taxes on all countries. The move has increased geopolitical tensions, with a US-China trade war on the brink of actualization.
That tariff plan has created tension within the current administration and US businesses. Specifically, the White House has said that Amazon’s decision to show the cost of tariffs on products is a “hostile and political act.” In a press briefing, White House press secretary Karoline Leavitt did not mince words in her response to the action.
Also Read: JPMorgan CEO Calls on US to Engage With China, End Trade War
“This is a hostile and political act by Amazon,” Leavitt said Tuesday, according to a CNBC report. “Why didn’t Amazon do this when the Biden Administration hiked inflation to the highest level in 40 years?” she added.
“This is another reason why Americans should buy American,” Leavitt concluded. Additionally, the tariffs have created a conflict between the White House and the Senate. Indeed, US President Trump has threatened to veto a Senate resolution that would end the global tariffs, Fox News reported. Indeed, the publication reported the president would veto the measure even if it received bipartisan support.
Read More