Companies are now seeking refunds on tariffs after supreme court ruled Trump’s emergency levies were illegal
General Motors is expecting a $500m tariff refund after the US supreme court struck down some of Donald Trump’s most sweeping levies.
That has boosted the Detroit automaker’s outlook for 2026. On Tuesday, GM said it’s now looking to rake in $13.5bn-$15.5bn in earnings before interest and taxes this year – up from previous forecasts of $13bn-$15bn.
Continue reading...Originally reported by The Guardian
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