Amazon (AMZN) Stock Price & Analysis: Tariffs Could Slash Up to $10B from Annual Profits
TLDR
- Amazon could face $5-10 billion in annual operating profit losses due to Trump’s new tariffs
- The tariffs could increase Amazon’s US merchandise costs by 15-20%
- China will see reciprocal tariffs of 34%, on top of existing 20% duties, bringing total to 54%
- Amazon shares have dropped nearly 7% following the tariff announcement and are down 20% year-to-date
- Jim Cramer remains bullish on Amazon despite tariff concerns, recommending “Buy, Buy, Buy!”
Amazon is facing significant challenges as President Trump’s new tariff program threatens to take a substantial bite out of the e-commerce giant’s profits.
Goldman Sachs tech analyst Eric Sheridan warned that Amazon could see between $5 billion and $10 billion in…
