GM expects $500M tariff refund, boosting 2026 earnings forecast to $13.5-$15.5B

General Motors announced it expects a $500 million tariff refund following the Supreme Court's decision to strike down Trump-era tariffs. This refund raises GM's full-year earnings guidance to between $13.5 billion and $15.5 billion, or $11.50 to $13.50 per share. Despite the large rebate, analysts say consumers are unlikely to see lower prices. The refund process affects around 300,000 U.S. importers, with major companies like Walmart and Target also receiving significant rebates. The Supreme Court ruling has allowed companies to seek refunds, but the impact on consumer prices remains minimal.