Amazon says it received $600 million in tariff refunds after Supreme Court struck down Trump levies
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Amazon disclosed it received about $600M in tariff refunds after the U.S. Supreme Court invalidated certain Trump-era levies, directly boosting near-term profit and operating cash flow. Apple also confirmed a measurable EPS benefit from similar refunds, underscoring the magnitude for large importers. The ruling reduces realized tariff costs retroactively and may improve margins across affected retailers, though some refunds could be passed through to customers.
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The U.S. Supreme Court ruled that several Trump-era tariffs were unlawful, leading Amazon to receive $600 million in tariff refunds. Apple separately said tariff refunds boosted its third-quarter earnings per share by 11 cents. The refunds lifted both companies’ reported profit and operating cash flow for the relevant periods, representing a measurable financial benefit.
