There’s a lot of uncertainty in the world right now. The good news is you’ll at least know how much tariffs are adding to your Amazon shopping.
Punchbowl reported Amazon would display tariff pricing. How it will work is you’ll be able to see the product’s total price and a separate line item denoting how much tariffs impacted it.
Amazon isn’t the first retailer to do this. Currently, Shein and Temu implemented import charges, amounting to an 145% increase in each product sold, according to CNBC.
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White House responds to Amazon
Naturally, the White House wasn’t too keen with Amazon’s transparent pricing plan.
“I just got off the phone with the president about this, about Amazon’s announcement. This is a hostile and political act by Amazon,” remarked White House press secretary Karoline Leavitt.
“Why didn’t Amazon do this when the Biden administration hiked inflation to the highest level in 40 years?” She added. “It’s not really a surprise” because “Amazon has partnered with a Chinese propaganda arm.”
(Image credit: Getty Images)
How much will tariffs raise Amazon products?
As import costs increase due to the tariffs, sellers on Amazon raise prices so they don’t have to absorb the extra cost.
SmartScout, an e-commerce software company, monitored the prices of 930 Amazon items. They’ve discovered prices rose by an average of 29% since April 9 across all verticals, including clothing, household items, office supplies and electronics.
Amazon firmly disagrees with their findings. An Amazon spokesperson told CNBC the findings were sensationalized and the research only covered a fraction of the items sold by the giant retailer.
How to save on Amazon products amid tariffs
The best way to save is to shop ahead, compare items with other retailers or take advantage of the perks that come with your Amazon Prime membership.
If you don’t have one, you can try it free for 30 days:
Your credit card’s cash back rewards could also help you offset some of the increased costs from tariffs.
The Prime Visa earns you an unlimited 5% back on all Amazon purchases, provided you have a Prime membership.
The bottom line
Amazon joins a growing list of retailers displaying the added costs tariffs bring to products.
Knowing this information ahead of time can help you anticipate how much tariffs will impact your budget moving forward.
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