GM anticipates $500 million refund from the Trump tariffs struck down by Supreme Court
AP News
—
General Motors is expecting a $500 million tariff refund after the Supreme Court struck down some of President Donald Trump’s most sweeping levies.
That’s boosted the Michigan-based auto maker’s outlook for 2026.
On Tuesday, GM said it’s now looking to rake in $13.5 billion to $15.5 billion in earnings before interest and taxes this year — up from previous forecasts of $13 billion to $15 billion.
Companies big and small are seeking refunds on tariffs they paid that the Supreme Court ruled illegal in February.
And on April 20, the Customs and Border Protection agency launched an online system for claims.
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 expects a whopping $500M tariff refund after Supreme Court strikes down levies NY Post —