GM Secures $500 Million Tariff Refund After Supreme Court Ruling

The Detroit automaker expects the refund following a court decision that found specific levies under the International Emergency Economic Powers Act, or IEEPA, to be unlawful. This legal framework allows the president to declare emergencies and impose trade restrictions.

GM has raised its 2026 earnings before interest and taxes projection to $13.5 billion to $15.5 billion, up from $13 billion to $15 billion. The company also lowered its 2026 tariff expenses forecast to $2.5 billion to $3.5 billion, down from $3 billion to $4 billion.

What to watch next is how the remaining tariffs, which the court did not overturn, affect the company’s costs throughout the year.