Amazon says it got $600 million in Trump tariff refunds and will pass return along to some customers
u/BogleDick ·
Reddit — r/stocks
· August 02, 2026 at 13:09
· ⬆ 24 pts
· 💬 11 comments
| View on Reddit ↗
No analysis available.
Score24
Comments11
Upvote %90%
▶ Full Post Text
Amazon disclosed Thursday that it has received $600 million in tariff refunds after the Supreme Court ruled that many of President Donald Trump's levies were illegal, and said it expects to return some of that cash to customers.
We are participating in the tariff refund process and, as I mentioned earlier, we received approximately $600 million in Q2," Brian Olsavsky, Amazon's finance chief, said on the company's earnings call.
In February, the Supreme Court invalidated Trump's tariffs imposed under the International Emergency Economic Powers Act of 1977, forcing the government to pay back duties to companies that imported goods into the U.S. that were hit by tariffs
https://www.msn.com/en-us/news/other/amazon-got-600-million-in-trump-tariff-refunds-and-will-pass-return-along-to-some-customers/ar-AA295tv0?ocid=TobArticle