G.M.’s Profit Bolstered by a $500 Million Tariff Refund
Source: New York Times
General Motors said on Tuesday that it expected to receive $500 million in tariff refunds from the federal government after the Supreme Court struck down some of President Trump’s tariffs.The expected refund helped to bolster the automaker’s profit in the first three months of the year. G.M. said it made $2.6 billion in the quarter, a 6 percent decline from the same period a year earlier.In February, the Supreme…
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