Amazon CEO Andy Jassy released his annual letter to shareholders on Thursday and quickly followed it up with an appearance on CNBC where he discussed the impact that President Donald Trump’s tariffs could have on American consumers.
While speaking with “Squawk Box” co-host Andrew Ross Sorkin, the executive predicted that third party sellers might end up increasing their prices due to the tariffs — but reiterated multiple times that Amazon is going to try to keep prices low.
“It’s hard to know what’s going to happen, there’s a lot in flux right now. We spend all our cycles trying to figure out how to have the right customer experience, so we know customers care a ton about selection.