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General Motors expects a $500 million tariff refund after the U.S. Supreme Court struck down some of President Trump’s sweeping levies, a development that has lifted the automaker’s outlook for 2026.
On Tuesday, GM said it now expects earnings of $13.5 billion to $15.5 billion in 2026, measured as earnings before interest and taxes (EBIT). This is up from its prior forecast of $13 billion to $15 billion.
The company also said it expects to pay $2.5 billion to $3.5 billion in tariff costs for 2026, down from an original estimate of $3 billion to $4 billion.
GM CEO Mary Barra said the company is seeing “solid growth and a strong balance sheet” as it works toward its long-term goals. In a letter to shareholders, she said GM is operating in a “very dynamic environment,” which she noted is not unusual for the industry.
For the first quarter of 2026, GM reported earnings of $2.63 billion and revenue of $43.62 billion.
GM confirmed to The Associated Press that it has not received the refund yet and does not have a specific estimate for when it will arrive. The company said it expects $500 million following the Supreme Court’s decision.
In February, the court ruled that the levies Trump imposed using the International Emergency Economic Powers Act (IEEPA) were illegal.
U.S. Customs and Border Protection (CBP) said that more than 330,000 importers paid a total of about $166 billion on over 53 million shipments.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
