GoKawiilWhite House Press Secretary Karoline Leavitt holds a printout of a news article picturing Amazon founder and Executive Chairman Jeff Bezos that reads 'Amazon partnered with China propaganda arm,' during the daily briefing in the White House, in Washington, on April 29, 2025.
Amazon disclosed Thursday that it has received $600 million in tariff refunds after the Supreme Court ruled that many of President Donald Trump's levies were illegal, and said it expects to return some of that cash to customers.
"We are participating in the tariff refund process and, as I mentioned earlier, we received approximately $600 million in Q2," Brian Olsavsky, Amazon's finance chief, said on the company's earnings call.
In February, the Supreme Court invalidated Trump's tariffs imposed under the International Emergency Economic Powers Act of 1977, forcing the government to pay back duties to companies that imported goods into the U.S. that were hit by tariffs.
Major companies including Apple , Walmart , Costco , Home Depot and General Motors said they would apply for refunds. Trump told CNBC in April he'd "remember" companies that don't seek refunds, when asked whether companies, including Amazon, might be avoiding doing so because they're worried about offending him.
Apple said Thursday its earnings per share were lifted 5%, or 11 cents, by tariff refunds in the third quarter.
Amazon previously hadn't said whether it intended to apply for the refunds. In May, consumers filed a class-action lawsuit in federal court in Seattle, arguing that they were owed refunds for paying tariff-inflated prices and alleging the company wasn't seeking refunds in order to "curry favor" with Trump.