NEWS
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
Jeff Bezos Announces Amazon Will Reclaim $35 Billion After Supreme Court Rules Trump Tariffs Illegal
In a major development for U.S. trade and e-commerce, Jeff Bezos, CEO of Amazon, announced that the company plans to reclaim $35 billion following a landmark decision by the Supreme Court declaring Donald Trump’s tariffs illegal.
The ruling, issued earlier this week, struck down a series of tariffs imposed during the Trump administration, which had targeted a wide range of goods imported into the United States. The Supreme Court found that these tariffs were implemented without proper congressional authorization, effectively making them unlawful under U.S. trade law.
In response, Bezos stated that Amazon intends to pursue repayment for the tariffs it paid, which the company argues unfairly inflated costs for both the business and its customers. “This ruling is a victory not just for Amazon, but for all American businesses that were impacted by these unlawful tariffs,” Bezos said in a press release. “We will now take steps to reclaim what we are owed.”
The $35 billion figure represents the cumulative cost Amazon incurred due to the tariffs, including fees passed on to the company’s suppliers and, ultimately, its customers. Legal experts suggest that Amazon’s move could set a precedent for other corporations seeking reimbursement, potentially leading to additional claims against the federal government.
The Trump administration has not yet responded to the Supreme Court’s decision, but the ruling underscores the limits of executive power when imposing trade measures without legislative approval. Analysts predict that the case could have lasting effects on U.S. trade policy, especially regarding the balance of authority between the executive branch and Congress.
For Amazon, the ruling provides a potential financial windfall and a chance to reinforce its stance as a leading advocate for fair trade practices in the digital economy. Meanwhile, the case highlights the ongoing tension between business interests and government policy, particularly in the complex arena of tariffs and international trade.