Amazon's third-party sellers are likely to try to pass the cost of tariffs on to consumers, Amazon CEO Andy Jassy said Thursday (April 10). Interviewed on CNBC, which shared the video on its website, Jassy said sellers may not have the margin to absorb the tariffs themselves.
Capri Holdings may have to let go of its image as a luxury fashion house and bank on mid-tier pricing as well as a partnership with Amazon.com for its Michael Kors brand following its $1.4 billion sale of Versace to Prada.
Amazon's recent stock decline is largely due to the broader market sell-off and the US-China trade war. This has deep implications for Amazon, which sources a majority of its products from China. And yet, this may be the single best opportunity in the market right now.
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