GM expects $500 million in Trump’s tariff refunds—just a fraction of the $3.1 billion in tariffs it paid last year
Fortune
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The automaker booked the $500 million as a first-quarter accounting gain even though it hasn't received the money yet.
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 bests Wall Street expectations with incoming $500 million tariff refund Washington Examiner —
- 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 —