Here's your Forbes Daily Briefing for Tuesday, April 8th.

Today on Forbes, despite share slide, Jeff Bezos and Amazon look likely to end up tariff winners.

The world's richest retail boss, Amazon's founder and chairman, Jeff Bezos, has been carefully

tending to his relationship with

President Donald Trump. Since the election, Bezos has cozied up to him, congratulating him

publicly on X and attending his inauguration, to which Amazon donated. At least publicly,

he's also been careful with what he's said about tariffs.

In the next post in March, Bezos wrote that his Washington Post's opinion pages could cover the, quote, damaging and distorting effects if tariffs are used to pick winners and losers.

Late last Wednesday, Trump announced a flat 10% tariff, plus higher rates for many of America's

largest trading partners, including 34% on China.

On Friday, China hit back with a matching 34% tariff, which, when combined with its existing

tariffs, brings the total to 54%.

The trade war continued Monday, with Trump threatening more tariffs on China

to possibly begin this week, which would bring the total taxes on Chinese imports to 104%.

Against the backdrop of the biggest two-day stock market drop last Thursday and Friday since 2022,

Amazon sure looks like a loser. The world's

largest online retailer is heavily reliant on goods manufactured in China. Shares slid 9% on Thursday,

April 3rd, versus the NASDAQ 6%, wiping $16 billion from the net worth of the world's second

richest person.

Shares slipped again on Friday, but on Monday they ticked back up slightly.

It's clear that tariffs will increase the cost of imported goods, particularly those sourced from China, according to Helena Wong, analyst at Philip Securities.

Gil Luria, analyst at D.A. Davidson, says, quote,

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