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The Economic Times

Top News / The Economic Times

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Carmakers bank on $2.3 billion in future tariff refunds, risking Trump's ire

Car companies are booking billions in expected tariff refunds. This move boosts their first-quarter profits on paper. However, automakers risk angering President Trump. The refunds stem from a Supreme Court ruling. The process for receiving these payments is uncertain. Other factors like Middle East conflict and U.S. policy also impact the auto industry.

30 Apr 2026 5:49 pm