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Key Points
- The White House slammed Amazon for reportedly planning to display the cost of President Donald Trump’s tariffs next to the total price of products on its site.
- “This is hostile and political act by Amazon,” White House press secretary Karoline Leavitt said at a press briefing with Treasury Secretary Scott Bessent.
- Shares of the retail giant founded by Jeff Bezos dropped in premarket trading following the remarks.
- About 70% of products sold by the company are made in China. Trump slapped tariffs as high as 145% on imports from that country.
