Amazon received $600M in Trump tariff refunds, will return some to customers

Amazon said this week that it received hundreds of millions of dollars in refunds from President Trump’s tariffs and pledged to return some of the profits to its customers.  This follows a Supreme Court decision earlier this year that many of the Trump administration’s tariffs were illegal, prompting the U.S. governmen

Amazon says that some customers will get back a sliver of cash from its pool of refunded money after the Trump administration’s tariffs experiment fell apart in court. The U.S. government began refunding billions of dollars in import taxes earlier this year after the Supreme Court ruled that a huge swath of the tariffs

Costco was also hit by a lawsuit concerning the powder.

Andy Jassy conceded in January tariffs were hitting prices, months before Amazon's $600 million refund came to light.

The company previously hadn't disclosed whether it would recoup tariff costs after the Supreme Court ruled many of President Donald Trump's levies were illegal.

During the company’s earnings call Thursday, Brian Olsvavsky, Amazon’s finance chief, said: “We are participating in the tariff refund process and…we received approximately $600 million in Q2.”

The company said refunds were limited because it stockpiled inventory ahead of tariffs and is not the importer of record for most goods in its store