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New York Post
42 days

Several Amazon sellers skip offering Prime Day discounts as Trump tariffs slam costs: report

1. Sellers are cutting discounts on Prime Day due to high tariff costs. 2. 60% of Amazon's products are affected by reduced promotions this year. 3. Tariffs are pushing consumers to skip Prime Day and monitor prices closely. 4. Expected online sales during Prime Day are $23.8 billion across retailers. 5. Increased competition from Walmart and Target may impact Amazon’s sales.

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FAQ

Why Bearish?

Reduced discounts and consumer spending could negatively affect Amazon's sales performance. Historical instances show tariffs have led to decreased retail sales, impacting share prices.

How important is it?

Tariff-induced price increases and competition directly affect Amazon's sales strategy, likely influencing stock prices.

Why Short Term?

Immediate effects seen during Prime Day will influence quarterly results. Future inflation may extend impacts beyond current events.

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