General Motors says it expects $500 million tariff refund after SCOTUS ruling

ABC NewsLiveVideoShowsShopInterest Successfully AddedWe'll notify you here with news aboutTurn on desktop notifications for breaking stories about interest? OffOnStream onGeneral Motors says it expects $500 million tariff refund after SCOTUS rulingThe company on Tuesday released a letter from CEO Mary Barra to shareholders.ByElizabeth SchulzeApril 28, 2026, 7:57 AM1:12Signs advertising Buick, GMC and Cadillac, automobile brands owned by General Motors Company, are seen at a car dealership in Queens, New York, U.S., November 16, 2021. Andrew Kelly/ReutersGeneral Motors said on Monday it expects to receive $500 million in refunds from tariffs that were ruled illegal by the Supreme Court.The automaker is now boosting its full-year profit forecast by $500 million, GM CEO Mary Barra said in a letter to shareholders as the company announced its Q1 results. Barra also cited strong sales of its full-size pickup trucks, despite rising gas prices. This photo provided by Chevrolet shows the Colorado ZR2 pickup. The ZR2 is the most capable version of the Colorado for going off-road.Courtesy of General Motors via APThe federal government opened last week its refund portal to allow companies to apply to get tariff money back. The Supreme Court ruled in February that the International Emergency Economic Powers Act did not give President Donald Trump the power to unilaterally impose tariffs. Popular ReadsUS being 'humiliated' by Iran, German chancellor saysApr 28, 3:05 AM'Absolute chaos': Gunman charges WH correspondents' dinner checkpointApr 26, 12:52 AMRob Reiner's son Jake Reiner speaks out in heartbreaking statementApr 24, 10:10 AMGM is one of more than 330,000 importers who paid the IEEPA tariffs that were invalidated, totaling $166 billion.RelatedTrump's tariffs cost American households $1,000 last year: Research groupThe IEEPA tariffs alone cost the typical American household $700 last year, according to the nonpartisan Tax Foundation.Related TopicsTrump tariffsGeneral MotorsSponsored Content by TaboolaPopular ReadsUS being 'humiliated' by Iran, German chancellor saysApr 28, 3:05 AMRob Reiner's son Jake Reiner speaks out in heartbreaking statementApr 24, 10:10 AM'Absolute chaos': Gunman charges WH correspondents' dinner checkpointApr 26, 12:52 AMRoommate charged with murder of 2 USF doctoral students: SheriffApr 25, 3:55 PMABC News Live24/7 coverage of breaking news and live eventsABC News NetworkPrivacy PolicyYour US State Privacy RightsChildren's Online Privacy PolicyInterest-Based AdsAbout Nielsen MeasurementTerms of UseDo Not Sell or Share My Personal InformationContact Us © 2026 ABC News

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