Amazon warned of the impact of Donald Trump’s global trade war and issued weaker than expected guidance for the second quarter, as the ecommerce giant grapples with steep tariffs.
The Seattle-based group on Thursday said it expected operating income of between $13bn and $17.5bn in the current quarter. That compares with $14.7bn a year ago but fell short of Wall Street’s forecast of $17.7bn.
In financial guidance, Amazon added “tariff and trade policies” to the list of factors that posed a risk to its earnings.
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