GM Expects $500 Million Tariff Refund After Supreme Court Ruling
General Motors expects to receive a $500 million refund from tariffs that were recently ruled illegal by the US Supreme Court. The automaker also raised its full-year profit forecast by $500 million.
Consumers who absorbed the tariff costs through higher prices are not expected to receive refunds from the government.
From the sources (3 posts)
@moreperfectusGeneral Motors expects a $500 million tariff refund to come in soon, while customers who had the tariff costs passed on to them in the form of higher prices can expect no refunds from the government.
@nypostGM expects a whopping $500M tariff refund after Supreme Court strikes down levies
@frankluntzGeneral Motors said they expect to receive $500 million in refunds from tariffs that were recently ruled illegal by SCOTUS. The automaker also raised its full-year profit forecast by $500 million. 💰