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The Detroit automaker on April 28 reported earnings for the period ending March 31 and released an updated full-year guidance for 2026.
(Bloomberg) -- Thousands of US importers who are seeking the return of their cut of $166 billion in tariffs that were overturned by the Supreme Court are having trouble getting their refunds approved through a new online portal that was designed to be largely automated.Most Read from BloombergUAE Quits OPEC as War Upends Oil Markets and Gulf Tensions RiseTrump Being ‘Humiliated’ in Iran Talks, German Leader SaysNorth Korea Confirms Suicide Rule for Soldiers Ukraine CapturesSergey Brin Confronted
By Kalea Hall April 28 (Reuters) - General Motors posted on Tuesday a 22% rise in first-quarter core profit and lifted its full-year earnings forecast, buoyed by a resilient U.S. car market and an
Some companies say they'll pass tariff refunds on to customers. But will shoppers actually see lower prices? Here's what to know.
Companies are set to receive billions of dollars in levy payments.
Trump administration uses steep tariffs to drive production shifts as new projects in Indiana and Arkansas signal some traction. The post Trump ties tariff relief to US steel shift appeared first on FreightWaves.
General Motors reported upbeat first quarter results Tuesday morning and improved guidance, as the company's tariff exposure decreased more than expected.
India and New Zealand on Monday signed a free trade agreement to deepen economic ties and expand market access, as both countries navigate mounting global trade disruptions. The deal comes as New Delhi moves to diversify export markets to offset the impact of steep tariffs imposed by the United States and instability in shipping and energy routes due to the Iran war. For New Zealand, the agreement is part of a broader push to reduce reliance on China, its largest trading partner. The agreement was signed in New Delhi by India’s Commerce and Industry Minister Piyush Goyal and visiting New Zealand Trade and Investment Minister Todd McClay.
Americans shouldn't expect a tariff refund since most companies elected to raise prices, and it's hard to calculate a precise figure for individuals
Businesses can now request refunds for tariffs that were struck down by the Supreme Court earlier this year. But consumers are unlikely to benefit, according to legal experts.
Rail equipment company Westinghouse Air Brake Technologies (NYSE:WAB) met Wall Street’s revenue expectations in Q1 CY2026, with sales up 13% year on year to $2.95 billion. The company’s outlook for the full year was close to analysts’ estimates with revenue guided to $12.34 billion at the midpoint. Its non-GAAP profit of $2.71 per share was 7.5% above analysts’ consensus estimates.
