GM expects $500M tariff refund after Supreme Court ruling, boosting Q1 profits despite sales drop.

General Motors expects a $500 million refund from the U.S. government after the Supreme Court struck down some tariffs imposed under President Trump. This refund helped GM report $2.6 billion in profit for Q1, despite a 6% decline from last year and lower vehicle sales. The company faces ongoing tariffs on steel, aluminum, and auto parts but has reduced its expected import duties for 2026. GM is also scaling back electric vehicle production, incurring $1 billion in expenses, while monitoring geopolitical risks like the Iran conflict that could impact costs and sales.