Amazon to pass on some of its $600 million tariff refunds to customers
Headline from The Columbian
Amazon told Wall Street it received around $600 million in tariff refunds last quarter and plans to pass on some to customers. The Seattle-based e-commerce giant disclosed the refund in its earnings call with analysts on Thursday, when Amazon announced it beat Wall Street’s expectations with a 20 pe…
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Amazon told Wall Street it received around $600 million in tariff refunds last quarter and plans to pass on some to customers. The Seattle-based e-commerce giant disclosed the refund in its earnings call with analysts on Thursday, when Amazon announced it beat Wall Street’s expectations with a 20 pe…
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.”
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 …
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…
