While President Donald Trump paused most of the tariffs that went into effect last week, tariffs on Chinese goods not only remain in place but are escalating, as I write this. Most companies are exposed to tariffs on Chinese goods in one way or another, either because they source products and supplies from China, or because they're susceptible to weakening consumer and business spending as economic uncertainty ramps up. Amazon (NASDAQ: AMZN) is facing multiple headwinds from the tariffs on Chinese products, and the retail and cloud giant may be more exposed than many of its peers...

As Amazon pushes into big, capital-intensive areas like AI infrastructure, healthcare, and satellite internet, the payoff may take time...