business / news / / The Associated Press
General Motors is expecting a $500 million tariff refund.
General Motors expects a $500 million tariff refund after the Supreme Court struck down IEEPA tariffs.
KEY POINTS
- GM revised its 2026 earnings projection upward after factoring in the anticipated refund.
- GM's estimated total tariff costs for 2026 dropped to $2.5-$3.5 billion from $3-$4 billion.
- The Customs and Border Protection launched an online claims system for IEEPA tariff refunds last week.
- Over 330,000 importers paid around $166 billion in IEEPA tariffs on 53 million shipments.
COMPANIES
Summarized by Newsio from The Associated Press. How we summarize →