Amazon: Tariff Relief For Now, But Snapback Risk Later

I was right with my thesis on Amazon, and the selloff post Q2 earnings was short-lived. I believe the August 12 tariff-pause extension on Chinese imports sets up Q3 to hit the high end of $174–$179.5B sales and $15.5–$20.5B operating income guidance. If no deal by the November 10 pause end, tariffs could snap back to 30% on top of Section 301, pressuring holiday margins. The Supreme Court's November review adds uncertainty.