GM expecting $500m Trump tariff refund, boosting its 2026 earnings outlook
General Motors expects a $500 million refund from tariffs imposed during the Trump administration, following a Supreme Court ruling that deemed the levies illegal, boosting its 2026 earnings outlook to $13.5bn-$15.5bn before interest and taxes. The refund will reduce GM's projected tariff expenses for the year, though other tariffs remain in effect. The company reported $2.63bn in earnings and $43.62bn in revenue for the first quarter of 2026. GM has not yet received the refund but anticipates it after the court's February decision.
Opening excerpt (first ~120 words) tap to expand
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…
Excerpt limited to ~120 words for fair-use compliance. The full article is at the Guardian.
Discussion
0 commentsMore from the Guardian
