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Trump tariffs cost GM $1.1B in second quarter, could hit $5B in costs this year
Tariffs instituted by President Donald Trump have cost Detroit-based General Motors an estimated $1.1 billion in the second quarter of 2025, the automaker said Tuesday. GM says the costs largely contributed to a 21% drop in net income during the quarter, according to CNN.
General Motors and other U.S. companies give updates on how much President Trump’s tariffs are impacting them.
GM said earnings in the second quarter reflect a more than $1 billion hit from President Donald Trump's tariffs.
General Motors is the latest company to record a hit from the president’s trade war. But so far, investors remain upbeat.
General Motors' second-quarter core profit fell 32% to $3 billion on Tuesday, as the automaker continued to confront ...
General Motors is the latest U.S. auto giant to say tariffs have taken a chunk from their earnings. The company beat earnings ...
General Motors said tariffs slashed its second-quarter income by more than $1 billion, and other companies pointed to import ...
Automaker General Motors posted a 12% sales gain through the first half of year while working to mitigate the effects of ...
Who’s paying for Donald Trump’s tariffs? So far, American businesses and consumers. General Motors Co. was the latest US ...
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