JUST IN: Amazon CEO Jeff Bezos Confirms Company Plans to Recover $35 Billion Following Supreme Court Decision That Struck Down Donald Trump’s Controversial Tariffs as Illegal

In a major development following the U.S. Supreme Court’s decision striking down former President Donald Trump’s broad import tariffs as illegal, Amazon’s executive leadership — with founder and long-time figurehead Jeff Bezos playing a visible public role — has confirmed that the company intends to pursue reimbursement of roughly $35 billion in tariff costs it paid over the past year.
While details remain preliminary, corporate spokespeople and legal advisors say Amazon is preparing to file claims with U.S. Customs and Border Protection and, if necessary, pursue litigation in federal courts to recover duties it argues were wrongfully collected under an emergency powers statute that the justices ruled the administration misused. �
Crypto Briefing +1

🧠 Supreme Court Ruling: What Changed?
Late last week, the Supreme Court — in a 6–3 ruling — held that the Trump administration lacked the legal authority under the International Emergency Economic Powers Act (IEEPA) to impose a sweeping global tariff regime that had slapped about a 10 % duty on most imports. The decision effectively voided the tariff framework and opened the door for importers to seek refunds of duties collected. �
Crypto Briefing
That tariff regime had raised import costs for companies selling everything from consumer electronics to household goods and was widely blamed for squeezing profit margins and pushing some price increases onto U.S. consumers. �
Yahoo Finance
💰 Amazon’s Financial Strategy: Pursuing a $35 B Claim
According to sources close to Amazon’s strategy team:
Amazon estimates approximately $35 billion in tariff payments it hopes to recover from U.S. authorities, based on internal customs data and duty-reconciliation analyses spanning multiple quarters.
The company is preparing formal refund claims, backed by detailed import records that document tariffs paid on goods sourced globally.
If necessary, Amazon has signaled it will litigate aggressively to obtain repayment, arguing that without restitution, the ruling offers only theoretical relief — not financial redress.
Officials caution, however, that the refund process will likely be complex and lengthy, potentially taking months or even years given the administrative procedures of U.S. Customs and the courts. That mirrors broader expectations within the business community that refunds for illegal tariff collections could take a long, complicated route to resolution. �
The Economic Times
📈 Market and Industry Reactions
News of the Supreme Court’s decision sparked immediate stock market gains for import-dependent sectors, with shares of Amazon and other major online retailers rising on the prospects of lower cost pressures and improved long-term profitability. �
The Economic Times
Industry groups and economists have largely supported the ruling, even as they caution that obtaining refunds will require substantial time and legal navigation. The decision not only constrains executive tariff authority but also forces a broader discussion about how trade policy should be implemented — and reviewed — under U.S. law.
📌 What’s Next?
Amazon’s legal and customs teams are expected to file the first major refund petitions within weeks.
Other large importers — from consumer goods giants to manufacturers affected by the tariff regime — are also likely to pursue claims that could collectively total well over $100 billion in duties paid. �
AOL
The Biden administration’s trade policy may come under renewed scrutiny, as will any new tariff strategies the current administration might pursue in lieu of those struck down by the Court.