In the second quarter, Amazon received $600 million in tariff reimbursements and plans to return part of that amount to its customers, CNBC reports.
The company’s CFO, Brian Olsavsky, stated that the amount of reimbursement was limited because Amazon had previously increased its inventory before the tariffs took effect and is not the direct importer of most products sold on its platform. He noted that the company has identified cases where additional import costs were passed on to buyers, and those customers will automatically receive refunds.
In February, the U.S. Supreme Court invalidated tariffs imposed by Donald Trump and ordered the government to return funds to importers. Companies such as Apple, Walmart, Costco, Home Depot, and General Motors have also announced their intention to seek reimbursements. Specifically, Apple stated that the return of tariffs increased earnings per share (EPS) by 5% in the third quarter.
