19 Hrs
Source:
الاقتصادية
Amazon recovers $600M in customs duties
Amazon announced that it has recovered $600 million in customs duties imposed during President Trump's administration, following a legal ruling that deemed many of these charges unlawful. Amazon is seeking to return a portion of these funds to customers, potentially reducing costs for some products. The company's CFO noted that the amount recovered was less than expected due to the company's pre-purchasing of inventory and its lack of registration as an importer for most items. This move comes amid growing pressure on retail companies regarding customs duty refunds, after the U.S. Supreme Court ruled in February 2026 that some of these duties were unlawful, opening the door for thousands of businesses to recover previously paid amounts.
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