Amazon’s stock declined more than 2% Tuesday morning after White House press secretary Karoline Leavitt took a jab at the major retailer, according to Forbes. Amazon is worth a whopping $1.97 trillion in total, which made the drop worth roughly $3.9 billion in market capitalization. The stock recovered and finished down only a fraction, however, after tensions between the Trump administration and Jeff Bezos’ empire smoothed over. In her Tuesday press briefing, Leavitt addressed a Punchbowl News report that claimed Amazon would soon start showing a breakdown of how much of a product’s price comes from the president’s tariffs. Leavitt slammed the move as a “hostile and political act by Amazon,” and President Donald Trump swiftly called Bezos to discuss the matter. The president later claimed that Amazon “did the right thing” and “solved the problem very quickly.” A spokesperson for the online retail giant told The Washington Post (also owned by Bezos) that the plan was “considered” for its discount site Amazon Haul, not its main site. They added the tariff price listing plan was “never approved and not going to happen.”
