00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Amazon received about $600 million in tariff refunds during the second quarter
00:07after the Supreme Court struck down many of President Trump's tariffs, according to CNBC.
00:12Finance chief Brian Olsavsky said Amazon plans to automatically refund customers
00:17in cases where it can identify that specific import charges were passed on to them.
00:22He said Amazon received a limited refund because it pre-positioned inventory ahead of the tariffs
00:28and is not the importer of record for most products sold on its marketplace.
00:33Olsavsky added that Amazon will use the remaining refunds to continue investing in lower prices for customers.
00:38For all things money, visit Benzinga.com.
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