GM Expects $500 Million Tariff Refund After Court Ruling (Connecting the Dots: Mary Barra, General Motors, Catalyst, Mexico, John G. Roberts Jr., The Supreme Court, Commercial Club of Chicago, The Economic Club of Washington & The Carnegie/Soros Network)
Newsmax.com
Tuesday,
28 April 2026 02:59 PM EDT
https://www.newsmax.com/us/gm-tariff-refund/2026/04/28/id/1254501/
General Motors
is expecting a $500 million tariff refund after the Supreme
Court
struck down some of
President Donald Trump's most sweeping levies.
That's
boosted the Detroit automaker's outlook for 2026. On Tuesday, GM said it's now
looking to rake in $13.5 billion to $15.5 billion in earnings before interest
and taxes this year — up from previous forecasts of $13 billion to $15 billion.
The
refund is set to ease the company's total tariff expenses some. GM anticipates
paying $2.5 billion to $3.5 billion in tariff costs for 2026, the company said
Tuesday, down from an original estimate of $3 billion to $4 billion.
"We
are clearly operating in a very dynamic environment, which isn’t unusual for
this industry," CEO Mary Barra wrote
in a letter to shareholders. Still, she maintained the company was seeing solid
growth and a strong balance sheet "to achieve our long-term goals."
For the
first quarter of 2026, GM reported earnings of $2.63 billion and revenue of
$43.62 billion.
GM
confirmed to The Associated Press that it hasn't received the refund yet, and
doesn't have a specific estimate for when it will, but $500 million is what it
expects following the decision from the Supreme Court. The court in February
ruled that the levies Trump imposed using the International Emergency Economic
Powers Act, or IEEPA, were illegal.
Companies
both big and small are seeking refunds for IEEPA tariffs they've already paid.
The Customs and Border Protection agency launched an online system for claims
last week.
If CBP
approves a claim, it will take between 60 and 90 days for a refund to be
issued, the agency said. But the system is being rolled out in phases, and only
some tariff refunds will be returned in the first phase.
CBP
said in court filings that over 330,000 importers paid a total of about $166
billion on over 53 million shipments.
The
now-overturned IEEPA tariffs included so-called "reciprocal" tariffs
that Trump slapped on nearly every country in the world a year ago and
"trafficking tariffs" on imports from Mexico, Canada and China — as well as
separate duties on countries like Brazil and India, all of which the president
imposed by declaring a national emergency.
February's
Supreme Court decision marked a significant blow to Trump's economic agenda.
But many other tariffs remain in effect — including punishing sectoral levies
that Trump imposed using another law (Section 232 of the 1962 Trade Expansion
Act) on foreign steel, aluminum, cars and other products. And companies like GM
are continuing to pay those costs.
The
administration has also signaled that more new duties are on the way.
Trump
has publicly attacked companies that have warned of price hikes spanning from
tariffs — and at times used the threat of new import taxes to strike deals.
Last week, the president also said he'll "remember" those that do not
seek refunds from his IEEPA tariffs.
"I
think it’s brilliant if they don’t do that," Trump told CNBC of companies
that hadn't yet sought reimbursements. "If they don’t do that, they got to
know me very well."
Mary Barra
https://en.wikipedia.org/wiki/Mary_Barra
Education
She
then attended Stanford Graduate School of Business on
a GM fellowship, receiving a Master of Business
Administration degree in 1990.
Boards
and councils
Barra
was a General Dynamics board of directors member. She serves on the board of
directors of the Detroit Economic Club and Detroit Country Day
School.[25][26][27] She is a member of the Stanford University Board of Trustees, the Stanford
Graduate School of Business Advisory Council, and the Duke
University Board
of Trustees.[28][29]
In
August 2017, she was elected to the board of Disney.[30][31][32] She was the
12th person elected to this board, and the fourth woman.[33]
In
March 2022, she was appointed to the Homeland Security Advisory
Council
by Secretary of
Homeland Security Alejandro Mayorkas.
Connecting
the Dots:
Mary Teresa Barra is the CEO of General Motors, attended Stanford Graduate School of Business, a board of trustee at Stanford University, a board of trustee at Duke University, appointed to the Homeland Security Advisory Council by Secretary of Homeland Security Alejandro Mayorkas and a director at the General Dynamics Corporation.
Sidley Austin LLP was the lobby firm for General Motors.
Michelle Obama was
a lawyer at Sidley Austin LLP.
Barack Obama was
an intern at Sidley Austin LLP.
R. Eden Martin is
counsel at Sidley Austin LLP and the president of the Commercial
Club of Chicago.
John H. Bryan is
a member of the Commercial Club of Chicago and was a director
at General Motors.
Robert S. Osborne is
a member of the Commercial Club of Chicago and was a group VP
for General Motors.
David D. Hiller
is a member of the Commercial Club of Chicago and was a partner
at Sidley Austin LLP.
Thomas A. Cole is
a partner at Sidley Austin LLP and a member of the Commercial
Club of Chicago.
Charles W. Douglas is
a partner at Sidley Austin LLP and a member of the Commercial
Club of Chicago.
Newton N. Minow was
a senior counsel at Sidley Austin LLP, a member of the Commercial
Club of Chicago and an honorary trustee at the Carnegie Corporation
of New York.
Andrew Carnegie was
the founder of the Carnegie Corporation of New York.
Carnegie Corporation of New York was a funder for the Brookings Institution (think tank) and a supporter for the American Society for Muslim Advancement.
Ted Lieu was honored with
the Carnegie
Corporation of New York's Great Immigrants Award,
has represented California's 36th congressional district in the United
States House of Representatives since 2023 and is a member of
the Congressional Progressive Caucus.
Astrid S. Tuminez was a program officer at the Carnegie
Corporation of New York and is the 7th President of the Utah
Valley University (Charlie Kirk Shooting).
Andrew Carnegie was
the founder of the Carnegie Corporation of New York.
Carnegie
Corporation of New York was a funder for the Brookings
Institution (think tank) and a supporter for the American
Society for Muslim Advancement.
Foundation to Promote Open Society was a funder for the Brookings
Institution (think tank).
George Soros was the chairman for the Foundation to
Promote Open Society.
Cameron F. Kerry is a fellow at the Brookings Institution (think tank), John F. Kerry’s brother and a senior counsel at Sidley Austin LLP.
Sidley Austin LLP was the lobby firm for General Motors.
Lee H. Hamilton is
an honorary trustee at the Brookings Institution (think tank) and
a
member of the Homeland Security Advisory Council.
Mary Teresa Barra was appointed to the Homeland
Security Advisory Council by Secretary of Homeland Security Alejandro
Mayorkas and is the CEO for General Motors.
Alejandro N.
Mayorkas was the secretary for the U.S. Department of Homeland
Security for the Joe Biden Administration and an
attorney at O'Melveny & Myers LLP.
Thomas E. Donilon was
a partner at O'Melveny & Myers LLP, the White House deputy
national security adviser for the Barack Obama administration and
a trustee at the Brookings Institution (think tank).
Carnegie
Corporation of New York was a funder for the Brookings
Institution (think tank) and a supporter for the American
Society for Muslim Advancement.
Carlos Pascual was
a VP for the Brookings Institution (think tank) and a U.S.
ambassador for Mexico.
Foundation to Promote Open Society was a funder for the Brookings
Institution (think tank).
George Soros was the chairman for the Foundation to
Promote Open Society.
Mark B. McClellan was a senior fellow at the Brookings Institution (think tank) and an associate professor at Stanford University.
Steven A. Denning is
an honorary trustee at the Brookings Institution (think tank), a
trustee at Stanford University and an advisory council member
for the Stanford Graduate School of Business.
Arjay Miller is
an honorary trustee at the Brookings Institution (think tank) and was
a dean emeritus at the Stanford Graduate School of Business.
Mary Teresa Barra is a board of trustee for Stanford
University, attended Stanford Graduate School of Business, the CEO
for General Motors and a board for trustee at Duke University.
Henry Louis
Gates Jr. is a professor at Duke University and an
honorary trustee at the Brookings Institution (think tank).
Carnegie
Corporation of New York was a funder for the Brookings
Institution (think tank) and a supporter for the American
Society for Muslim Advancement.
Foundation to Promote Open Society was a funder for the Brookings
Institution (think tank).
George Soros was the chairman for the Foundation to Promote
Open Society.
David M.
Rubenstein is a co-chairman for the Brookings Institution
(think tank) and a trustee at Duke University, a regent at
the Smithsonian Institution, the president of the Economic Club of
Washington and was a partner at Pillsbury Winthrop Shaw Pittman LLP.
Jane Sullivan
Roberts was a partner at Pillsbury Winthrop Shaw Pittman LLP and
is married to John G. Roberts Jr.
John G. Roberts
Jr. is married to Jane Sullivan Roberts, the chancellor
for the Smithsonian Institution, the chief justice for the U.S.
Supreme Court and an honorary member of the Robert Trent Jones Golf
Club (Gainesville, VA).
Vernon E. Jordan
Jr. is the president emeritus for the Robert Trent Jones Golf
Club (Gainesville, VA), an honorary trustee at the Brookings
Institution (think tank) and was the president of the Economic
Club of Washington.
Carol A. Melton was
a director at the Economic Club of Washington and a trustee at
the Committee for Economic Development.
Robert G.
Liberatore was a director at the Economic
Club of Washington and a trustee at the Committee for Economic
Development.
Letitia James
is the chair for
the Committee on Economic Development and the Attorney General
of New York.
Foundation to Promote Open Society was a funder for the Committee
on Economic Development.
George Soros was the chairman for the Foundation to Promote
Open Society.
Patricia F. Russo is
a trustee at the Committee for Economic Development and a director
at General Motors.
Mary Teresa Barra is the CEO of General Motors, attended Stanford Graduate School of Business, a board of trustee at Stanford University, a board of trustee at Duke University and appointed to the Homeland Security Advisory Council by Secretary of Homeland Security Alejandro Mayorkas.
Sidley Austin LLP was the lobby firm for General Motors.
Michelle Obama was
a lawyer at Sidley Austin LLP.
Barack Obama was
an intern at Sidley Austin LLP.
R. Eden Martin is
counsel at Sidley Austin LLP and the president of the Commercial
Club of Chicago.
John H. Bryan is
a member of the Commercial Club of Chicago and was a director
at General Motors.
Robert S. Osborne is
a member of the Commercial Club of Chicago and was a group VP
for General Motors.
David D. Hiller
is a member of the Commercial Club of Chicago and was a partner
at Sidley Austin LLP.
Thomas A. Cole is
a partner at Sidley Austin LLP and a member of the Commercial
Club of Chicago.
Charles W. Douglas is
a partner at Sidley Austin LLP and a member of the Commercial
Club of Chicago.
Newton N. Minow was
a senior counsel at Sidley Austin LLP, a member of the Commercial
Club of Chicago and an honorary trustee at the Carnegie Corporation
of New York.
Andrew Carnegie was
the founder of the Carnegie Corporation of New York.
Carnegie Corporation of New York was a funder for the Brookings Institution (think tank) and a supporter for the American Society for Muslim Advancement.
Ted Lieu was honored with
the Carnegie
Corporation of New York's Great Immigrants Award,
has represented California's 36th congressional district in
the United States House of Representatives since 2023 and is a member of
the Congressional Progressive Caucus.
Astrid S. Tuminez was a program officer at the Carnegie
Corporation of New York and is the 7th President of the Utah
Valley University (Charlie Kirk Shooting).
Andrew Carnegie was
the founder of the Carnegie Corporation of New York.
Carnegie
Corporation of New York was a funder for the Brookings
Institution (think tank) and a supporter for the American
Society for Muslim Advancement.
Foundation to Promote Open Society was a funder for the Brookings
Institution (think tank).
George Soros was the chairman for the Foundation to Promote
Open Society.
Cameron F. Kerry is a fellow at the Brookings Institution (think tank), John F. Kerry’s brother and a senior counsel at Sidley Austin LLP.
Sidley Austin LLP was the lobby firm for General Motors
and General Dynamics Corporation.
Mary T. Barra is the CEO for General Motors and a director at the General Dynamics Corporation.
James L. Jones Jr. was a director at the General Dynamics
Corporation and is a director for the Atlantic Council of the
United States (think tank).
Open Society Foundations was a funder for the Atlantic
Council of the United States (think tank).
George Soros is the founder & chairman for the Open
Society Foundations and was the chairman for the Foundation to
Promote Open Society.
Foundation to Promote Open Society was a funder for the Aspen
Institute (think tank).
Carnegie
Corporation of New York was a funder for the Atlantic Council
of the United States (think tank), the Aspen Institute (think tank) and
a supporter for the American Society for Muslim Advancement.
James S. Crown is a trustee at the Aspen Institute (think tank), a director at the General Dynamics Corporation and a member of the Commercial Club of Chicago.
Lester Crown was
a lifetime trustee at the Aspen Institute (think tank), is a
director at the General Dynamics Corporation and a member of
the Commercial Club of Chicago.
William A. Osborn is
a member of the Commercial Club of Chicago and a director at
the General Dynamics Corporation.
J. Christopher
Reyes is a member of the Commercial Club of Chicago and
was a director at the General Dynamics Corporation.
Mary T. Barra is a director at the General Dynamics Corporation and the CEO for General Motors.
Sidley Austin LLP was the lobby firm for General Dynamics
Corporation and General Motors.
Michelle Obama was
a lawyer at Sidley Austin LLP.
Barack Obama was
an intern at Sidley Austin LLP.
R. Eden Martin is
counsel at Sidley Austin LLP and the president of the Commercial
Club of Chicago.
John H. Bryan is
a member of the Commercial Club of Chicago and was a director
at General Motors.
Robert S. Osborne is
a member of the Commercial Club of Chicago and was a group VP
for General Motors.
David D. Hiller
is a member of the Commercial Club of Chicago and was a partner
at Sidley Austin LLP.
Thomas A. Cole is
a partner at Sidley Austin LLP and a member of the Commercial
Club of Chicago.
Charles W. Douglas is
a partner at Sidley Austin LLP and a member of the Commercial
Club of Chicago.
Newton N. Minow was
a senior counsel at Sidley Austin LLP, a member of the Commercial
Club of Chicago and an honorary trustee at the Carnegie Corporation
of New York.
Andrew Carnegie was
the founder of the Carnegie Corporation of New York.
Carnegie Corporation of New York was a funder for the Brookings Institution (think tank) and a supporter for the American Society for Muslim Advancement.
Ted Lieu was honored with
the Carnegie
Corporation of New York's Great Immigrants Award,
has represented California's 36th congressional district in the United
States House of Representatives since 2023 and is a member of
the Congressional Progressive Caucus.
Astrid S. Tuminez was a program officer at the Carnegie
Corporation of New York and is the 7th President of the Utah
Valley University (Charlie Kirk Shooting).
Andrew Carnegie was
the founder of the Carnegie Corporation of New York.
Carnegie
Corporation of New York was a funder for the Brookings
Institution (think tank) and a supporter for the American
Society for Muslim Advancement.
Foundation to Promote Open Society was a funder for the Brookings
Institution (think tank).
George Soros was the chairman for the Foundation to
Promote Open Society.
Cameron F. Kerry is a fellow at the Brookings Institution (think tank), John F. Kerry’s brother and a senior counsel at Sidley Austin LLP.
Sidley Austin LLP was the lobby firm for General Motors
and General Dynamics Corporation.
Mary T. Barra is
the CEO for General Motors and a director at the General
Dynamics Corporation.
G. Richard
Wagoner Jr. was the chairman & CEO for the General Motors (Bailout
Company) and a director at Catalyst.
John F. Smith Jr. was the chairman emeritus for Catalyst and the chairman & CEO for the General Motors (Bailout Company).
Marillyn A. Hewson is a director at Catalyst and a
director at the E.I. du Pont de Nemours and Company.
Charles O.
Holliday Jr. was the chairman emeritus for Catalyst and
the chairman & CEO for the E.I. du Pont de Nemours and Company.
E.I.
du Pont de Nemours and Company was an investor in General
Motors (Bailout Company).
Ellen J. Kullman is
a director at Catalyst, was the chair & CEO for the E.I.
du Pont de Nemours and Company, and a director at General Motors (Bailout
Company).
Karen L. Katen was
a director at Catalyst and a director at General Motors (Bailout
Company).
Ann M. Fudge is a
director at Catalyst and a trustee at the Brookings
Institution (think tank).
Foundation to Promote Open Society was a funder for the Brookings
Institution (think tank).
George Soros was the chairman for the Foundation to Promote
Open Society.
Carnegie
Corporation of New York was a funder for the Brookings
Institution (think tank) and a supporter for the American
Society for Muslim Advancement.
Andrew Carnegie was
the founder of the Carnegie Corporation of New York.
Ted Lieu was honored with the Carnegie
Corporation of New York's Great Immigrants Award,
has represented California's 36th congressional district
in the United States House of Representatives since 2023 and is a
member of the Congressional Progressive Caucus.
Astrid S. Tuminez was a program officer at the Carnegie
Corporation of New York and is the 7th President of the Utah
Valley University (Charlie Kirk Shooting).
Andrew Carnegie was
the founder of the Carnegie Corporation of New York.
Carnegie
Corporation of New York was a funder for the Brookings
Institution (think tank) and a supporter for the American
Society for Muslim Advancement.
Resources:
Past Research
General
Motors Funds Effort to Embed Pro-Transgender Books in Classrooms (Connecting
the Dots: General Motors (GM), Sidley Austin LLP, Obama & Soros Funding,
All Networking) (Past Research on General Motors
(GM) & Sidley Austin LLP)
Monday,
January 2, 2023
https://thesteadydrip.blogspot.com/2023/01/general-motors-funds-effort-to-embed.html
Kristin
Crowley is the chief of the Los Angeles Fire Department (LAFD) (Connecting the
Dots: Kristin Crowley, The Los Angeles Fire Department, The Homeland Security
Advisory Council, Museum of Contemporary Art in Los Angeles, The California
Wild Fires & Soros Funding, All Networking) (Past
Research on the Homeland Security Advisory Council)
Saturday,
January 11, 2025
https://thesteadydrip.blogspot.com/2025/01/kristin-crowley-is-chief-of-los-angeles.html
Mike
Rowe on How Many Are Following the ‘Worst Advice in the History of the World’ (Past Research on the Stanford Graduate School of Business)
Saturday,
November 16, 2013
https://thesteadydrip.blogspot.com/2013/11/mike-rowe-on-how-many-are-following.html
Muslim
Call to Prayer to be Chanted Every Friday at Duke University (Past Research on Duke University))
Sunday,
January 18, 2015
https://thesteadydrip.blogspot.com/2015/01/muslim-call-to-prayer-to-be-chanted.html
General
Dynamics’ Q1 Revenue Soars, Led by Marine and Aerospace (Connecting the Dots:
General Dynamics, The Military & The Carnegie/Soros Network) (Past Research on the Carnegie Corporation New York)
Saturday,
May 2, 2026
https://thesteadydrip.blogspot.com/2026/05/general-dynamics-q1-revenue-soars-led.html
Sen.
Warren Presses Amazon on Algorithmic Pricing for Schools (Connecting the Dots:
Senator Elizabeth Warren, Ganesh Sitaraman, The Center for American Progress,
Amazon, HUD, The U.S. Federal Trade Commission, The Urban Institute, The U.S.
Department of Education & The Carnegie/Soros Network) (Past Research on the Carnegie Corporation New York)
Thursday,
March 12, 2026
https://thesteadydrip.blogspot.com/2026/03/sen-warren-presses-amazon-on.html
Hours
After John Kerry Demands Green Transition Accelerated – His Emissions Closet
Swings Wide Open (Connecting the Dots: Cameron Kerry, John Kerry, Teresa Heinz
Kerry, Soros, the Climate Reality Project, the Brookings Institution (think
tank), the EPA and onto the FDA, Pfizer & Johnson & Johnson. It’s the
Network That Never Ends. One Project (Climate Change) Just bleeds into the Next
(Covid Project)) (Past Research on Cameron Kerry)
Thursday,
July 21, 2022
https://thesteadydrip.blogspot.com/2022/07/hours-after-john-kerry-demands-green.html
Secret
Service Head Says Rally Shooting 'Unacceptable'; Mayorkas Calls It a 'Failure'
(Connecting the Dots: ABC News, Secret Service Director Kimberly Cheatle,
Alejandro Mayorkas & Soros Funding, All Networking) (Past Research on Alejandro N. Mayorkas)
Monday,
July 15, 2024
https://thesteadydrip.blogspot.com/2024/07/secret-service-head-says-rally-shooting.html
Columbia
Journalism Review (Connecting the Dots: The Columbia University Graduate School
of Journalism, The Columbia Journalism Review (CJR), Alice Rogoff Rubenstein
& Her Husband David Rubenstein, The Carlyle Group, Jerome Powell, The
Federal Reserve & Soros Funding, All Networking) (Past
Research on the Economic Club of Washington)
Thursday,
August 7, 2025
https://thesteadydrip.blogspot.com/2025/08/columbia-journalism-review-connecting.html
Trump
Order on Smithsonian Targets Funds to Programs With 'Improper Ideology'
(Connecting the Dots: The Smithsonian Institution, The National Zoo, The
National Security Agency (NSA), The National Security Agency (NSA), The
Commercial Club of Chicago, Booz Allen Hamilton, The Friends of the National
Zoo, John G. Roberts Jr., The Economic Club of Washington, Nancy Pelosi wanted
Non-Coronavirus Pork for the Smithson Institution & Soros Funding, All
Networking). Ben Stein's Movie Expelled - No Intelligence Allowed, Exposes the
Smithsonian Institution. (Past Research on Smithsonian
Institution, the Economic Club of Washington, John G. Roberts Jr. & the U.S.
Supreme Court)
Thursday,
March 27, 2025
https://thesteadydrip.blogspot.com/2025/03/trump-order-on-smithsonian-targets.html
Michelle
Obama to Host New GM CEO, Dem Donor Mary Barra at SOTU (Past Research on Mary T. Barra, General Motors, the General Dynamics
Corporation, Michelle Obama & Sidley Austin LLP)
Wednesday,
January 29, 2014
https://thesteadydrip.blogspot.com/2014/01/michelle-obama-to-host-new-gm-ceo-dem.html
Netflix
to Invest $1 Billion in Mexico Over Next 4 Years (Connecting the Dots: Netflix,
Ted Sarandos, Mexico & Soros Funding, All Networking) (Past Research on Mexico)
Thursday,
February 20, 2025
https://thesteadydrip.blogspot.com/2025/02/netflix-to-invest-1-billion-in-mexico.html
Mary
Barra named GM CEO to become America's first female car chief (Past Research on Mary Barra)
Wednesday,
December 11, 2013
https://thesteadydrip.blogspot.com/2013/12/mary-barra-named-gm-ceo-to-become.html
Giving
to Guatemala (Starbucks partners with Save the Children) (Past Research on Catalyst)
Wednesday,
June 4, 2014
https://thesteadydrip.blogspot.com/2014/06/giving-to-guatemala-starbucks-partners.html
Jeff
Immelt stepping down as CEO of GE (Past Research on
General Motors & Catalyst)
Tuesday,
June 13, 2017
https://thesteadydrip.blogspot.com/2017/06/jeff-immelt-stepping-down-as-ceo-of-ge.html
