Amazon Refunds Tariff Costs After Receiving $600 Million in Rebates
Amazon plans to return a portion of approximately $600 million in tariff refunds it received from U.S. customs back to customers, according to CFO Brian Olsavsky during an earnings call on July 31, 2026. The company identified specific circumstances where import charges can be passed along and will automatically issue refunds once contacted. Most of the items sold on Amazon are imported by third-party sellers who have already applied for tariff rebates. The decision follows a Supreme Court ruling that declared tariffs under IEEPA illegal earlier this year, prompting consumer lawsuits against companies like Amazon over collecting these charges. The company absorbed most tariff costs rather than passing them to customers and also pre-positioned inventory ahead of the levies to avoid additional expenses.
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