
Amazon considers displaying tariff surcharges on its ultra-low-price shopping platform Haul, with stock prices falling nearly 2%

Amazon is considering displaying tariff surcharges on its ultra-low-price product platform Haul, planning to indicate the tariff costs next to the price of each product. The platform is set to launch in November 2024 and primarily sells items priced at no more than $20. This move has drawn dissatisfaction from the White House, which labeled it as "hostile political behavior." As a result, Amazon's stock price fell nearly 2%
On Tuesday, according to media reports, Amazon is considering displaying tariff surcharges on its ultra-low-price shopping platform Haul. Amazon plans to "soon" show the tariff costs next to the price of each product.
A spokesperson for Amazon stated:
The team responsible for our ultra-low-price store Amazon Haul has indeed considered listing import tariffs on certain products. However, this has never been considered for implementation on the main Amazon site, and there are currently no plans to launch this measure on any Amazon platform.
Amazon Haul is a shopping platform focused on ultra-low-priced goods launched by Amazon in November 2024, aimed at competing with e-commerce platforms that emphasize low-price strategies. The platform offers products priced at no more than $20, covering various categories such as fashion, home, beauty, and electronics. Most products are priced below $10, with some items as low as $1.
The above report has sparked dissatisfaction from the White House, which described Amazon's plan as "a hostile political act."
Amazon's stock fell nearly 2% during Tuesday's trading session.
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