GM expecting $500m Trump tariff refund, boosting its 2026 earnings outlook

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 was now looking to rake in $13.5bn-$15.5bn in earnings before interest and taxes this year – up from previous forecasts of $13bn-$15bn. The refund is set to ease the company’s total tariff expenses. …