Amazon’s Stock Plummets Amid White House Criticism of Tariff Placement

Amazon faces backlash from the White House over its plan to include tariffs on President Trump’s goods in its price display for consumers. This move has ignited debate about whether American customers are most impacted by these tariffs, not China.  The White House press secretary, Karoline Leavitt, voiced criticism, stating, “Why didn’t Amazon do this when the Biden administration hiked inflation to the highest level in 40 years?” Analysts reveal that over 70% of goods sold on Amazon originate from China, though precise data remains unclear. Sellers are responding with price hikes on popular items like diapers and magnets due to higher import costs. SmartScout, an e-commerce software company, analyzed 930 Amazon products whose prices have increased since April 9th, with the average increase being 29%. This trend affected categories ranging from toys and clothes to electronics and jewelry. The White House has accused Amazon of