General Motors says it expects $500 million tariff refund after SCOTUS ruling
General Motors expects a $500 million tariff refund following a Supreme Court ruling that invalidated tariffs imposed under the International Emergency Economic Powers Act. The automaker is raising its full-year profit forecast by the same amount, citing strong truck sales despite higher gas prices. The federal government has opened a refund portal for affected importers. The ruling determined that former President Donald Trump lacked unilateral authority to impose the tariffs.
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ABC NewsLiveVideoShowsShopInterest 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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