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News on Medial
Amazon is not planning to show added tariff costs next to its online product listings
Economic Times
·
2m ago
Medial
Amazon has decided not to display additional tariff costs alongside product prices on its website, contrary to speculation from reports and reactions from the Trump administration. The confusion stemmed from a misinterpretation of Amazon's internal discussions about their Haul service, which aimed at low-cost products under $20. The administration criticized what it assumed was Amazon's decision, though Amazon confirmed no such plan was in place, addressing concerns about potential tariff-related price hikes for consumers.
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Amazon has been listing products with the title, 'I'm sorry, I cannot fulfil this request as it goes against OpenAI use policy'
Business Insider
·
1y ago
Medial
Amazon has been listing products with AI-generated titles referencing OpenAI's usage policy. Social media users have shared screenshots of these odd listings, which include phrases like "I cannot fulfill this request as it goes against OpenAI use policy." This trend raises concerns about how thoroughly Amazon reviews its product listings. The company has removed the questionable listings and stated that it is enhancing its systems to provide a trustworthy shopping experience for customers.
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Amazon considers $15 billion warehouse expansion plan
Economic Times
·
3m ago
Medial
Amazon is contemplating a $15 billion expansion plan to build approximately 80 new logistics facilities across the United States, focusing on delivery hubs and large fulfillment centers. While not yet finalized, this move reflects ongoing discussions with potential capital partners. Concurrently, Amazon has reportedly canceled product orders from China and Asia, likely in response to US tariff announcements. This development occurs amid escalating global trade tensions, with significant tariffs being exchanged between major economies like the US and China.
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71% of Indian consumers intend to shop online this festive season: report
Economic Times
·
10m ago
Medial
According to a survey conducted by Ipsos Research for Amazon India, more Indian consumers are planning to shop online this festive season. 71% of respondents indicated their intention to shop online, while 89% expressed excitement about the festivities. The survey also revealed that nearly 50% of respondents planning to shop online will spend more this year compared to last year. Convenience was identified as a major driver, with factors such as remote shopping, speedy delivery, trust in online shopping events, and affordable payment options encouraging consumers to shop online. Amazon was identified as a preferred online shopping destination by 73% of respondents.
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Indian semiconductor firms see little impact of Trump's tariff threat
Economic Times
·
4m ago
Medial
India is not expected to face significant short-term impacts from the proposed 25% tariff on semiconductor imports announced by the Trump administration, as the country is not a major semiconductor exporter to the U.S. The Indian Electronics and Semiconductors Association suggests that while global consequences might ensue, related to costs and innovation, India’s semiconductor import duty remains zero, minimizing immediate reciprocal tariff concerns. The domestic industry remains cautious regarding future investments.
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Amazon extends Prime Day discounts to 4 days as retailers weigh tariff-related price increases - The Economic Times
Economic Times
·
8d ago
Medial
Amazon is extending Prime Day 2025 to four days amidst tariff concerns and slowing consumer enthusiasm. Targeting Gen Z, the event offers membership perks and anticipated major discounts. Rising costs and cautious spending may limit consumer splurges, with third-party sellers prioritizing profit margins over sales volume. While seeking to enhance sales, many sellers pre-stocked tariffs-affected inventories for competitive pricing. Competitors like Walmart are also extending promotional periods amid tariff-related price increase worries.
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How does Amazon's 'Tatkal' initiative empower small sellers?
Inshorts
·
1m ago
Medial
Amazon's 'Tatkal' program helps small businesses start selling on the platform in just 60 minutes. Through on-the-spot visits, Amazon assists shop owners with product listings and account setup, making digital onboarding seamless. This initiative expands its seller base while uplifting local entrepreneurs across India.
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White House: Amazon tariff price announcement is hostile
Economic Times
·
2m ago
Medial
The White House has criticized Amazon's decision to include tariff costs in product price tags as hostile. White House Press Secretary Karoline Leavitt stated that President Donald Trump finds this move to be a political act. The administration views Amazon's announcement as an aggressive gesture amidst ongoing tariff discussions, suggesting it could escalate tensions between the company and the government. It implies a significant strain in relations during the current economic climate.
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Amazon India Chief Manish Tiwary Steps Down
Inc42
·
11m ago
Medial
Amazon India's country head, Manish Tiwary, has resigned after serving the company for eight years. It is unclear where Tiwary will go next, but he will stay at Amazon until October 2024 to ensure a smooth transition. Amazon has not yet announced a replacement, but the existing team will continue to work under Senior Vice President Amit Agarwal. During his tenure, Tiwary played a significant role in transforming online buying and selling in India.
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Trump says all BRICS nations, including India, to face additional 10% tariff
Economic Times
·
8d ago
Medial
U.S. President Donald Trump announced that BRICS nations, including India, would face an additional 10% tariff, accusing the bloc of trying to undermine the U.S. dollar. Trump stated that India would not be exempted from the tariffs as a part of BRICS. Though the tariff threat isn't immediate, it would be enacted if any BRICS country takes actions deemed "anti-American." Trump added he doesn't see BRICS as a real threat to America.
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Apple expects $900 million tariff hit, Amazon sees no impact yet
Economic Times
·
2m ago
Medial
Apple and Amazon exceeded earnings expectations in the face of US tariff impacts, with Apple foreseeing a $900 million cost increase and relying more on India and Vietnam for product sourcing. The company’s litigations may affect future revenue. Apple plans significant US investments. Amazon's CEO assured stable prices, preparing for potential tariff challenges with 2 million merchants. A tax loophole for foreign sellers ended, affecting imports from China amid changes in US tariffs.
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