business

Rani Molla4/29/25

White House calls Amazon’s reported plan to display tariff costs next to price a “hostile and political act”

Amazon, which gets many of its goods imported from China, reportedly plans to start displaying how much President Trump’s tariffs add to an item’s price. The White House is not a fan.

“This is a hostile and political act by Amazon,” White House Press Secretary Karoline Leavitt said at a press conference this morning, relaying a message from President Trump.

REPORTER: Amazon will soon display a number next to the price of each product that shows how much the Trump tariffs are adding. Isn't that a perfect demonstration that it's the American consumer who is paying for these policies?LEAVITT: This is a hostile and political act by Amazon.

[image or embed]
— Aaron Rupar (@atrupar.com) April 29, 2025 at 9:03 AM

Leavitt also said, holding up a printout of a Reuters article from 2021, “Amazon has partnered with a Chinese propaganda arm. This is another reason Americans should buy American.”

Amazon subsequently partly denied the report, telling Washington Post reporter Jeff Stein it never considered doing so on its main site, just its low-cost Amazon Haul site:

“The team that runs our ultra low cost Amazon Haul store has considered listing import charges on certain products. This was never a consideration for the main Amazon site and nothing has been implemented on any Amazon properties.”

Temu recently made a similar move.

Amazon is down 1.1% in morning trading.

More Business

See all Business

business

Nia Warfield14h

Amazon doubles down on groceries with new private-label collection, sending grocery stocks lower

Amazon on Wednesday launched Amazon Grocery, a new private-label food brand that combines its Fresh and Happy Belly lines into one collection.

The label covers more than 1,000 staples, from milk and eggs to olive oil and fresh meat, with most items priced under $5. Shares of Amazon were little changed, but grocery-selling rivals Target, Walmart, and Kroger all slipped around 2% following the announcement. Costco also slipped about 1%.

The launch highlights Amazon’s growing push into both grocery and private-label essentials as more customers trade down to cut costs. In August, the e-commerce giant added perishable groceries to same-day delivery in 1,000 cities and towns across the country.

At the same time, Amazon said shoppers purchased 15% more private-brand products in 2024 compared to the previous year across Amazon.com, Whole Foods Market, and Amazon Fresh.

business

Max Knoblauch15h

Ford sales climb for 7th straight month as EVs hit a quarterly record on tax credit expiration

September marked another banner month for Ford’s electric vehicle business, with EV sales climbing 85% from the same month last year to more than 11,700 units.

For the third quarter as a whole, Ford’s electrified unit sales grew nearly 20%. That’s the division’s best Q3 on record, boosted by the looming end of the $7,500 federal tax credit on Tuesday. Ford, with rival GM, has found some ways to extend that credit in the hopes of keeping sales stable.

Overall, Ford sales rose 8.2% on the quarter, and September was the automaker’s seventh straight month of sales gains. Ford sales have been buoyed this year by panic buying: first from fears of tariff price hikes (and Ford’s strong incentives), and lately from the EV credit expiration.

WENDY’S TENDYS

Have chicken strips become the fast-food panic button of 2025?

McDonald’s, Taco Bell, and now Wendy’s have all added variations on the theme this year.

Fried Chicken

Co-CEOs are back in Corporate America — and Wall Street isn’t sure what to make of it

Dual leadership has boosted shareholder returns historically, though evidence on operations is thin.

Two businessmen fighting for the managing position (holding rudder conflicting with each other)

business

Max Knoblauch9/30/25

Some automakers are working accounting magic to extend the EV tax credit beyond today’s deadline

The $7,500 EV tax credit is set to expire after today, September 30. Logically, electric vehicle sales are expected to fall off afterward.

But some automakers, including Ford, GM, and luxury EV maker Lucid, have found ways to effectively extend the credit for some customers.

According to reporting by Reuters, Ford and GM have initiated plans to dealers that would have the automakers themselves put down payments on EVs currently in inventory at dealerships. Those down payments would qualify for the expiring tax credit, and dealers would be able to extend the subsidy to future customers through discounted lease rates.

Reuters reports that the programs were launched following discussions between the automakers and the IRS.

In August, Lucid announced that the company would honor the $7,500 tax credit through the end of the year for lessees who order its Gravity SUV by Tuesday at 11:59 p.m. ET.

Exclusive: Ford, GM launch programs to extend use of $7,500 EV lease credit

Exclusive: Ford, GM launch programs to extend use of $7,500 EV lease credit

According to reporting by Reuters, Ford and GM have initiated plans to dealers that would have the automakers themselves put down payments on EVs currently in inventory at dealerships. Those down payments would qualify for the expiring tax credit, and dealers would be able to extend the subsidy to future customers through discounted lease rates.

Reuters reports that the programs were launched following discussions between the automakers and the IRS.

In August, Lucid announced that the company would honor the $7,500 tax credit through the end of the year for lessees who order its Gravity SUV by Tuesday at 11:59 p.m. ET.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.

©2025 Sherwood Media, LLC