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White House slams Amazon for plan to disclose cost of US tariffs

White House slams Amazon for plan to disclose cost of US tariffs

Time of India30-04-2025

There's a fresh spat brewing between the
White House
and Amazon.
White House press secretary Karoline Leavitt Tuesday accused the online retail giant of being 'hostile and political,' citing a report — disputed by Amazon — from Punchbowl News saying the company would start displaying the exact cost of tariff-related price increases alongside its products.
Displaying the import fees would have made clear to American consumers that they are shouldering the cost of President Donald Donald Trump's tariff policies rather than China, as he and his top officials have often claimed would be the case.
An Amazon spokesperson said the company had considered a similar idea on part of its site, Amazon Haul, which competes with Temu, a Chinese retailer. 'Teams discuss ideas all the time,' spokesperson Ty Rogers said.
He added it was never under consideration for the main Amazon site. 'This was never approved and is not going to happen.'

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Byju's sells US-based arms at steep discount
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Byju's sells US-based arms at steep discount

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The Hindu

time32 minutes ago

  • The Hindu

Trump says he will 'liberate' Los Angeles in speech to mark the U.S. Army's 250th anniversary

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China's Bankers Ditch Global Hotel Chains as Travel Budgets Bite
China's Bankers Ditch Global Hotel Chains as Travel Budgets Bite

Mint

timean hour ago

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China's Bankers Ditch Global Hotel Chains as Travel Budgets Bite

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This weighed on the average room rate for both domestic and international brands, which declined between 2% and 7% last year. And prices may face even greater pressure in the coming years as the major chains keep expanding to meet rising demand from Chinese travelers. 'The downward trend in hotel prices and profits will continue this year due to oversupply, increasing the risk of investing in new hotels,' said Zhao Huanyan, a Shanghai-based independent hospitality industry consultant. Despite stronger sales, H World Group saw its profit decline last year due to expenditure on renovation and service upgrades. For Atour, its breakneck expansion appears to have led to a lapse in quality control. The pillow cases at one of its hotels in Hangzhou were found out to be ones meant for a hospital, sparking widespread media and online scrutiny. 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