What Happened: During Amazon’s annual shareholder meeting, Jassy said, “We have not seen any attenuation of demand at this point,” and added that there have been no “meaningful average selling price increases,” according to CNBC.

Despite the ongoing impact of Trump’s tariffs, Amazon and other retailers are still assessing their effects. Amazon previously cited “tariffs and trade policies” as potential factors that could alter its guidance for the current quarter.

See Also: Jamie Dimon, Who Flagged Trouble Before 2008 Lehman Brothers Collapse, Now Warns S&P Earnings Could Fall To 0%: ‘Rougher Time For Markets,’ Says Dan Niles

While other retailers like Walmart and Target have warned about potential price hikes due to tariffs, Amazon remains committed to keeping prices low for shoppers. Jassy noted that the company’s diverse marketplace helps customers access the best selection at the best prices.

During the meeting, Amazon investors also reviewed eight external proposals addressing various issues, including the company’s emissions reporting and warehouse working conditions. Amazon advised investors to vote against all of the resolutions which were ultimately rejected, CNBC reports.

Why It Matters: Earlier this month, Amazon had planned to list tariff costs on its site, a move that was later scrapped after President Trump personally called Amazon Chair Jeff Bezos to complain about the company’s plan.

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