Thu May 01 20:00:00 UTC 2025: ## Amazon Faces Slowest Growth Since 2022 Amid Trump’s Tariffs
**NEW YORK –** Amazon is set to report its slowest revenue growth since 2022 on Thursday, as the e-commerce giant grapples with the impact of Donald Trump’s tariffs on goods imported from China. Analysts predict earnings per share of $1.36 on revenue of $155 billion for the first quarter of 2025, a slowdown from the previous year’s $0.98 per share on $143 billion in sales. While Amazon has exceeded expectations in the past two quarters, concerns about consumer spending in the face of increased prices due to the tariffs have caused its stock price to drop 17% this year.
The anticipated slowdown comes against a backdrop of a weakening US economy, which contracted at a 0.3% annualized pace in the first quarter. UBS analysts estimate that at least half of the items sold on Amazon are subject to Trump’s 145% tariff on Chinese goods, forcing consumers to make tougher spending decisions.
Amazon CEO Andy Jassy recently stated that the company hasn’t yet seen a significant drop in demand and is working to keep prices low. However, he acknowledged that some third-party sellers will likely pass tariff costs onto consumers. This has led to a recent White House rebuke after reports – denied by Amazon – surfaced that the company planned to itemize tariff-related price increases. White House press secretary Karoline Leavitt labeled the alleged plan a “hostile and political act.” The situation further escalated after a reported phone call between President Trump and Amazon co-founder Jeff Bezos, prompting Senator Elizabeth Warren to raise concerns about potential corruption.
Amazon’s performance will be closely watched as an indicator of how the “magnificent seven” tech giants are navigating the Trump administration’s trade policies. While other tech companies like Meta and Microsoft reported strong earnings this week, their businesses are less directly impacted by import tariffs than Amazon’s. The upcoming earnings report will offer a clearer picture of Amazon’s ability to weather the economic storm and the ongoing trade war.
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