Amazon to share $600 million in Trump tariff refunds with select customers, CFO says company absorbed most tariff costs
Amazon CFO Brian Olsavsky stated in an earnings call that the company received $600 million in tariff refunds following a Supreme Court ruling that struck down former President Trump's tariffs. Amazon plans to distribute a portion of these funds to a limited selection of customers who paid specific import charges due to the tariffs. Olsavsky noted that the tariffs had a limited direct impact on Amazon, as the company largely absorbed these costs rather than passing them on to customers, and was not the importer of record for most items sold. Amazon will proactively contact affected customers for automatic refunds, while other funds will be used to invest in low prices. Other companies like Walmart and Costco also plan to use their refunds to invest in customer pricing, but have not announced direct rebates for past purchases, while Apple intends to invest in U.S. manufacturing.
Source:Yahoo财经 · Source Link
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