So earlier today, Amazon was preparing to itemize their products a bit by explaining how the Trump Tariffs would impact the prices, but after a call from the president, Amazon founder Jeff Bezos had his company back down . For their part, the White House is complimenting Bezos' swift knee-bending while downplaying the true impact of the tariffs: At a briefing Tuesday, White House Press Secretary Karoline Leavitt called the move a “hostile and political act,” adding that she had spoken about the matter with President Trump earlier. Commerce Secretary Howard Lutnick echoed Levitt’s comments, saying it’s a hostile act if a company goes out of its way to “make it seem” like tariffs have caused prices to change. “It’s nonsense,” he said Tuesday in a CNBC interview. “A 10% tariff is not going to change virtually any price,” he added, referring to the nearly universal baseline tariff on all countries. “The only price will change would be a product that we don’t make here, like a mango.” ...
