General Motors says it expects $500 million tariff refund after SCOTUS ruling
General Motors anticipates a $500 million refund from tariffs deemed illegal by the Supreme Court. CEO Mary Barra announced this expectation in a letter to shareholders while also increasing the company's profit forecast. The refund comes as the federal government opens a portal for companies to reclaim tariff payments.
- ▪General Motors expects to receive $500 million in refunds from tariffs ruled illegal by the Supreme Court.
- ▪CEO Mary Barra announced the refund expectation while boosting the company's profit forecast by the same amount.
- ▪The federal government has opened a refund portal for companies to apply for tariff reimbursements.
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ABC NewsLiveVideoShowsGood Morning AmericaShopGMAInterest Successfully AddedWe'll notify you here with news aboutTurn on desktop notifications for breaking stories about interest? OffOnStream onGeneral Motors says it expects $500 million tariff refund after SCOTUS rulingThe company on Tuesday released a letter from CEO Mary Barra to shareholders.ByElizabeth SchulzeApril 28, 2026, 7:57 AM1:12Signs advertising Buick, GMC and Cadillac, automobile brands owned by General Motors Company, are seen at a car dealership in Queens, New York, U.S., November 16, 2021.
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