GM Expects $500 Million In Tariff Rebates After Supreme Court Ruling

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  • General Motors expects to receive a $500 million refund for duties it paid on imported cars and auto parts.
  • The Supreme Court’s decision found that some auto tariffs imposed by the Trump administration were illegal and led to new refunds.
  • The company currently expects tariff costs to be in the range of $2.5 billion to $3.5 billion.

Source: Car and Driver