The Guardian Australia – Business
·business
·2 hours ago
GM expecting $500m Trump tariff refund, boosting its 2026 earnings outlook
General Motors expects a $500 million refund from illegal tariffs imposed by former President Trump, boosting its 2026 earnings outlook. Following a U.S. Supreme Court ruling, the automaker projected earnings before interest and taxes of $13.5 billion to $15.5 billion this year, an increase from previous estimates. GM anticipates a decrease in overall tariff costs for 2026.
Summary by Glance · The Guardian Australia – Business
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