Amazon.com Inc. Chief Executive Officer Andy Jassy said the online retailer hasn’t seen any meaningful reduction in consumer spending or an increase in prices as a result of tariffs introduced by US President Donald Trump earlier this year.

Ever since President Donald Trump announced news of his tariffs on April 2, a day the administration calls "Liberation Day," a wave of fear has swept across the country as both consumers and business owners have grappled with what the new levies mean for them.

Speaking during a question and answer session at Amazon's annual shareholder meeting, Jassy said "We have not seen any attenuation of demand at this point