Amazon CEO Andy Jassy said Wednesday that the company hasn’t seen any signs of consumers tightening their wallets in the face of President Donald Trump’s sweeping tariffs.

Jassy’s comments came during Amazon’s annual shareholder meeting, which was held virtually on Wednesday.

“We have not seen any attenuation of demand at this point,” Jassy said during a question-and-answer portion of the meeting. “We also haven’t yet seen any meaningful average selling price increases.”

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