Amazon pockets Rs.5,250 crore after Trump tariff ruling, plans automatic refunds for eligible customer
New Delhi, Aug. 1 -- Amazon has disclosed that it has received Rs.5,724 crore ($600 million) in tariff refunds after the United States 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.
The disclosure came during Amazon's latest earnings call, where chief financial officer Brian Olsavsky addressed the company's position on the refund process for the first time in detail.
"We are participating in the tariff refund process and, as I mentioned earlier, we received approximately $600 million in Q2," Olsavsky told analysts.
The refunds stem from a Supreme Court decision handed down in February, which invalidated tariffs that Trump had imposed under the...
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