business / news / / CNBC TV18
General Motors is expecting a $500 million tariff refund after the Supreme Court struck down some of President Donald Trump’s most sweeping levies.
General Motors expects a $500 million tariff refund after the Supreme Court voided IEEPA tariffs.
KEY POINTS
- GM raised its 2026 earnings forecast to $13.5–$15.5 billion due to the anticipated refund.
- GM's projected 2026 tariff costs dropped to $2.5–$3.5 billion from the previous $3–$4 billion.
- Customs and Border Protection launched an online claims system last week for tariff refund applications.
- Over 330,000 importers paid $166 billion in now-overturned IEEPA tariffs on 53 million shipments.
COMPANIES
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