GM expecting $500m Trump tariff refund, boosting its 2026 earnings outlook
General Motors is anticipating a $500 million refund from tariffs following a Supreme Court ruling that deemed some of Donald Trump's tariffs illegal. This refund is expected to enhance GM's earnings outlook for 2026, raising projections to between $13.5 billion and $15.5 billion. The company also reported a decrease in anticipated tariff costs for the year, reflecting a more favorable financial position.
- ▪GM expects a $500 million tariff refund after the Supreme Court ruled Trump's levies illegal.
- ▪The company's earnings forecast for 2026 has been raised to $13.5 billion to $15.5 billion.
- ▪GM anticipates paying $2.5 billion to $3.5 billion in tariff costs for 2026, down from previous estimates.
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A worker assembles vehicle doors at the General Motors assembly plant in Fort Wayne, Indiana, in 2024. Photograph: Emily Elconin/Bloomberg via Getty ImagesView image in fullscreenA worker assembles vehicle doors at the General Motors assembly plant in Fort Wayne, Indiana, in 2024. Photograph: Emily Elconin/Bloomberg via Getty ImagesGeneral MotorsGM expecting $500m Trump tariff refund, boosting its 2026 earnings outlookCompanies are now seeking refunds on tariffs after supreme court ruled Trump’s emergency levies were illegal Sign up for the Breaking News US email to get newsletter alerts in your inbox Associated PressTue 28 Apr 2026 12.47 EDTLast modified on Tue 28 Apr 2026 12.52 EDTSharePrefer the Guardian on GoogleGeneral Motors is expecting a $500m tariff refund after the US supreme…
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