“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,\u00a0said on the company’s earnings call<\/a>. <\/p>\n In February, the Supreme Court invalidated<\/a> 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.<\/p>\n Major companies, including Apple<\/a>, Walmart<\/a>, Costco<\/a>, Home Depot<\/a> and General Motors<\/a>, all said they would apply for refunds. Trump told CNBC<\/a> 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. <\/p>\n Apple said Thursday its earnings per share were lifted 5%, or 11 cents, by tariff refunds in the third quarter.<\/p>\n Amazon previously hadn’t said whether it intended to apply for the refunds. In May, consumers filed a class action lawsuit<\/a> in federal court in Seattle, arguing that they were owed refunds for paying tariff-inflated prices, and alleging the company wasn’t seeking refunds to “curry favor” with Trump. <\/p>\n Amazon, last April<\/a>, landed in hot water with the White House after it was reported that the company planned to display the cost of Trump’s tariffs next to some products on its site. Trump personally called Amazon founder and executive chairman Jeff Bezos<\/a> to complain about the plan, NBC News reported.<\/p>\n On Thursday, Olsavsky said Amazon was issued a “limited” refund amount because it worked to order and preposition inventory in anticipation of the tariffs.<\/p>\n “Second, we are not the importer of record for the large majority of items sold in our store,” he said.<\/p>\n
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