Amazon received a refund of nearly $600 million for tariffs imposed by President Donald Trump, which were deemed illegal by the country’s Supreme Court.

The American tech company has stated that it will return some of that money, refunded in the second quarter, to affected customers.

Specifically, it was learned that the Supreme Court invalidated the tariffs imposed under the International Emergency Economic Powers Act (IEEPA), thus obligating the government to refund the money.

The decision to refund customers could generate a reputational advantage for Amazon. Furthermore, it reinforces the narrative that the company prioritizes consumer well-being over additional profit margins.”

M.Pino

Source: diariobitcoin

(Reference image source: Andrew Stickelman on Unsplash)

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