Amazon will give money back to some of you as part of US tariff refund

TL;DR Amazon has confirmed it received $600 million as part of a tariff refund, saying some consumers will get their money back. The US Supreme Court struck down the Trump administration’s sweeping tariffs earlier this year, making companies eligible to request refunds. Amazon hasn’t clarified when it will process these refunds, though customers can expect word from the retailer soon.

The Supreme Court dealt a blow to the US government this year by invalidating certain trade tariffs . As a consequence, companies were allowed to request a refund of the tariffs they had paid until that point. E-commerce retailer Amazon has now announced how it will manage these refunds.

Speaking to analysts on a conference call, Amazon’s Chief Financial Officer, Brian Olsavsky, confirmed that the company has received $600 million in tariff refunds, and that a portion of it will be returned to the consumers (via Bloomberg ).