Amazon receives approximately $600 million in tariff refunds in Q2

1. 1Amazon (AMZN) disclosed on Thursday that it received approximately $600 million in tariff refunds in the second quarter.
2. 2CFO Olsavsky said the company plans to pass part of the refunds on to customers and use the remainder to maintain low prices.
3. 3He explained that the refund amount is not large because the company had built up pre-tariff inventory and lacks importer-of-record status for most products.

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