Amazon has received about $600 million in tariff refunds following a U.S. Supreme Court ruling that invalidated several tariffs imposed under President Donald Trump.
Amazon Chief Financial Officer Brian Olsavsky disclosed the refund during the company’s earnings call, saying the money was received in the second quarter as part of the government’s tariff repayment process.
The refunds followed a Supreme Court ruling in February that struck down tariffs imposed under the International Emergency Economic Powers Act of 1977. The decision required the U.S. government to refund import duties paid by companies affected by the tariffs.
Other major American companies, including Apple, Walmart, Costco, Home Depot and General Motors, have also indicated plans to seek refunds.
Amazon said its refund was relatively limited because the company had taken measures to reduce its exposure to the tariffs, including ordering and positioning inventory ahead of their implementation. The company also noted that it is not the importer of record for most products sold through its platform.
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Third-party sellers, who account for more than 60 percent of products sold on Amazon and often import goods directly, were also affected by the tariffs. Many increased their prices and have since applied separately for refunds.
Amazon says customers who directly paid identifiable import charges will also benefit from the refunds.
The company said it will identify cases where specific tariff-related charges were passed on to customers and automatically refund those affected once the corresponding money is received.
For other tariff refunds, Amazon says the funds will be used to support efforts to maintain lower prices for customers.
