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Posted on 08/01/2026 6:50:48 AM PDT by Miami Rebel
Amazon said this week that it received hundreds of millions of dollars in refunds from President Trump’s tariffs and pledged to return some of the profits to its customers.
This follows a Supreme Court decision earlier this year that many of the Trump administration’s tariffs were illegal, prompting the U.S. government to start a process to refund billions of dollars in import taxes to affected companies.
Brian Olsavsky, the chief financial officer of Amazon.com, Inc., said during a Thursday earnings call that the company is “participating in the tariff refund process” and received an amount of $600 million in its second financial quarter.
Olsavsky noted that the company worked on the front end to avoid tariff costs and noted that Amazon is “not the importer of record for the large majority of items sold in our store.”
“In cases where we did see an increase in cost due to tariffs, we largely absorbed these costs rather than pass them on to customers,” he said on the call.
The Amazon executive said the company has “identified a limited set of circumstances” in which customers were impacted by these hiked costs.
“When we receive those refunds, we will proactively contact affected customers and automatically issue refunds to them,” Olsavsky said.
The Supreme Court’s 6-3 ruling in February struck down the bulk of Trump’s tariffs, which have become a cornerstone of his administration’s economic bargaining strategy. The high court’s decision did not specify how the refund process should work, leaving this decision up to the lower courts.
The U.S. Customs and Border Protection began processing refund claims from businesses worth around a claimed total of $166 billion following this ruling. Other major companies that sought refund payouts include Ford, General Motors, Apple, Walmart and UPS.
In an interview with CNBC’s “Squawk Box” in April, Trump said he would “remember” the U.S. companies that did not file for tariff refunds.
“If they don’t do that, I will remember them, I’ll tell you that,” Trump said at the time. “Because I’m looking to make this country strong. Supreme Court could have helped us.”
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Those were a lie. DOGE was lie.
Does something like this result in a new wave of fake email scams and phishing?
I seem to remember a lot of talking heads assuring us the companies would pay the tariffs along with people like Epstein’s friend Lutnick; all part of the grand plan.
Now that some were declared illegal, companies are clawing that money back. But in the end, it was the consumer who paid and I’m sure Amazon is only returning a token amount.
This, DOGE, was everything a lie?
Yes.
Amazon getting tariff refunds and passing some back to customers is a reminder that tariffs can be a negotiation tool. The ultimate goal should be fair trade deals that protect American workers, not permanent barriers.
How is that a reminder of anything other than it being a tax?
“Iranian military has been destroyed “
Also a lie
Can be seen as tax.
Apple reported third-quarter earnings per share of $2.02, beating the Street consensus estimate of $1.89 by 13 cents.
In a statement, the company attributed 11 cents per share in earnings coming from tariff refunds. This means that as much as 85% of the 13-cent per share earnings beat came from tariff refunds.
Tariff dividends, doge, and Covid reparations from communist China were just political talking points. Nothing more.
The problem with DOGE is that it didn’t have an enforcement arm to it. They could’ve sent recommendations off to Congress and watch them die. I think it was just put in place to highlight how much waste there truly is.
No the problem with DOGE is it was all a dog and pony show, with a lot of smoke and mirrors. It was sending tech bros into offices where they had no idea what work was being done, having them yell “fraud fraud fraud” every time they didn’t understand something (which was often), and firing a bunch of people. Then the tech bros left, and half the fired people got rehired because the tech bros were idiots who didn’t know was useful. Then some website declared they saved a bunch of money even though the national debt actually increased its rate of climb.
In other words, DOGE was a lie.
“...we’re not getting tariff checks...”
And you won’t. Amazon is getting a refund of $600M out of the tax holding accounts of your money. Amazon so far in 2026 has profited, not made but profited, $135.28 billion. $600 million to them is peanuts but it was money now realized that was in their coffer to begin with. If they were going to pocket the money then, what makes you think they won’t now? Don’t hold your breath.
Amazon is a public shareholders and led by founder Jeff Bezos, who serves as executive chairman, and Andy Jassy, who serves as president and CEO. We already know about Bezos. Jaffy is closing in on billionaire status. He is a big democratic political donater. Bezos goes both ways for advantages in his donations.
Bezos gives primarily to the Bezos’ Earth fund for climate change and the Jaffy family has their own 501 in Naples, FL.
wy69
Not the importer of record for the large majority of items sold in our store.
Only 99.9 % are so there.
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