Amazon CEO Jassy expresses optimism despite tariff challenges

On May 1, 2025, Amazon's CEO Andy Jassy addressed the company's first-quarter earnings call, where he conveyed optimism about navigating the current tariff environment. He reflected on the lessons learned during the Covid pandemic, stating that Amazon emerged from that crisis with increased market share, attributing this to their broad product selection, competitive pricing, and efficient delivery systems. Despite the uncertainties surrounding tariffs, which predominantly affect goods from China, Jassy mentioned that not all sellers would necessarily increase prices to maintain customer loyalty. He emphasized that Amazon remains focused on keeping costs low for consumers, even as higher import costs loom due to the uncertainty surrounding tariff rates. The company has warned investors about operational income projections for the next quarter, indicating potential fluctuations driven by tariffs. Jassy remains steadfast in his belief that Amazon could once again find an advantage during this tumultuous period, distinguishing themselves through their diverse selling base and commitment to consumer pricing.