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GM’s $1.1 billion tariff hit bolsters mounting evidence that Americans are the ones footing the bill for Trump’s import taxes
General Motors had a more than $1 billion chunk taken out of its profits due to tariff costs, the company reported on Tuesday ...
Tariffs hit U.S. companies hard, but businesses absorb them for now
General Motors said tariffs slashed its second-quarter income by more than $1 billion, and other companies pointed to import ...
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GM, Ford, and Stellantis Challenge Trump's 15% Tariff on Japanese Auto Industry
The recent trade agreement between the Trump administration and Japan, imposing a 15% tariff on most Japanese imports, has ...
Trump Commerce Secretary Lutnick says U.S. auto CEOs are ‘cool with' higher tariffs than Japan
The head of the American Automotive Policy Council, which represents General Motors, Ford and Stellantis, raised concerns ...
Trump tariffs take a $1 billion bite out of GM earnings; shares fall
General Motors' second-quarter earnings took a $1.1 billion hit from tariffs, but the automaker still beat analyst ...
GM reports massive profit loss due to Trump's destructive tariff war
The president's trade policies are wreaking havoc on the American auto industry. Another automaker, Stellantis, also reported losses this week.