GM bests Wall Street expectations with incoming $500 million tariff refund
General Motors reported first-quarter earnings of $3.70 per share on Tuesday, significantly beating the expected $2.62-per-share figure laid out by Wall Street analysts.
The earnings boost comes from the company’s incoming $500 million tariff refund permitted by the Supreme Court’s February decision striking down tariffs under the International Emergency Economic Powers Act.
GM has not […]
GM expects $500M tariff refund
- GM’s core profit rises 22% on strong U.S. truck sales The Globe and Mail —
- General Motors says it expects $500 million tariff refund after SCOTUS ruling ABC News —
- GM's stock is soaring after it announced a $500 million tariff refund Business Insider —
- GM anticipates $500 million refund from the Trump tariffs struck down by Supreme Court AP News —
- GM expects a whopping $500M tariff refund after Supreme Court strikes down levies NY Post —