Reported about 11 hours ago
Amazon could endure a significant annual profit loss of $5 billion to $10 billion due to new tariffs imposed by President Trump, according to Goldman Sachs analyst Eric Sheridan. The tariffs, effective April 5, are expected to increase Amazon's merchandise costs by 15% to 20%. China has retaliated with its own tariffs, further impacting Amazon's stock, which has dropped nearly 7% since the announcement. Sheridan predicts that Amazon will explore ways to mitigate these costs, including negotiations with vendors and adjusting pricing strategies.
Source: YAHOO