Automotive News

U.S. Automakers Set to Get $2.3 Billion Back in Tariffs

More than $2 Billion in Refunds Ford, General Motors, and Stellantis will receive a tariff refund. Auto News reports that import tariff refunds for American automakers total around $2.3 billion. With this, we can expect these brands to have a bit more breathing room and a better financial outlook, given the current global landscape.The tariffs were deemed unconstitutional in February of this year, but the U.S. Supreme Court. The U.S. Government is set to return its collected tariffs to affected companies across the board, with the U.S. auto industry alone expected to receive up to $20 …


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Author: Earl Lee

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