# General Motors is anticipating a $500 million tariff rebate.

*business · news · 2026-04-29 · Forbes*

## Key points

- General Motors expects a $500 million tariff refund, raising its earnings guidance for the year.
- The Trump administration will refund $166 billion in tariffs to 300,000 U.S. importers, with interest.
- Spotify shares dropped 12% after its second-quarter revenue forecast disappointed investors.
- The United Arab Emirates will exit OPEC on May 1 to increase investment in domestic energy.

**Companies:** General Motors, Walmart, Target, Nike, Spotify, Meta, Aven, Actively AI, InStudio Ventures
**Countries:** United States, United Arab Emirates

[Read the full story on Forbes](https://www.forbes.com/sites/daniellechemtob/2026/04/29/forbes-daily-jerome-powells-legacy-as-federal-reserve-chair/)

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