Amazon’s CEO: No ‘Meaningful’ Price Increases Yet on the Products You’re Buying

This week, at the Annual Stock meeting of the Amazon, CEO Andy Jassy, ​​giant vendors still have not seen the great changes of prices or trades caused by the US-enforced tariffs.

“We did not see any reduction in demand at this time,” said Jassy said at the meeting was actually held. “We still did not see any meaningful average sales price increases.”

Including other large retailers Target and Diamatic They admitted that the tariffs can bring higher prices. You can watch the effects of impact tariffs have CNET’s Tariff Tracker IndexFocusing on the prices of 11 popular products.

Amazon said before He said that there is a change in the supply chain to try to keep the prices for some goods and to keep prices for customers.

At a time, the United States applied 145% of the goods imported from China. Products such as electronics from anchor were affected, cause approximately 18% of prices. But a contract with China rolled up to 30% of the tariff nation for at least 90 days.

Tariffs are waved in the car parts made in other countries Subaru to raise prices in some vehicles.

Sees some buyers differently

Consumers who receive Amazon still do not see the effects of tariffs, because Jassy said, but it doesn’t mean they are not worried.

“People still spend it, but they are more intentional. The prices do not slow down because they rose” Stephanie CarlsRetail concepts, retail warehouse, a coupon stack area.

Since early, a retail survey showed that 81% of buyers have already affected daily shopping, and nine of the 10 days have started to eat and buy summer costs in the first place. Meanwhile, 55%, they said they feel more pressure on home budgets.

Carls said that retailmenot saw third party vendors in connection with the regulating prices in Amazon’s market or re-cutting promotions, some even plan to sit in the head. Some consumers are accumulated on the items before the expected price increase.

Another road Amazon said that customers are carls “with options locked in prices” to continue spending. “It’s a great example Star Wars Squishmallows – Now it is sent to $ 19.99 in December. “