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GM, Trump and tariff

Reuters on MSN · 3d

Trump tariffs take $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 expectations for the period on Tuesday, supported by strong sales of its core gasoline trucks and SUVs.

Bloomberg · 3d

GM Profit Falls as Trump Tariffs Add $1.1 Billion in Costs

General Motors Co. said it suffered a $1.1 billion profit hit from Donald Trump’s tariffs and revealed no plan for a near-term fix to return to pre-tariff profit levels.

GM profits take $1.1 billion hit in wake of Trump tariffs

General Motors' latest earnings report showed that President Trump's new tariffs on imported cars may have impacted the company's profits. Laila Maidan, a reporter for MarketWatch, joins with more details.

Japan, tariff and Trade Agreement

The Associated Press on MSN · 1d

US automakers say Trump's 15% tariff deal with Japan puts them at a disadvantage

U.S. automakers worry that President Donald Trump’s agreement to tariff Japanese vehicles at 15% would put them at a competitive disadvantage, saying they will face steeper import taxes on steel, aluminum and parts than their competitors,

Houston Chronicle · 23h

Tariff Talk: U.S. and Japan Reach Trade Agreement

BIG NEWS! The U.S. and Japan have reached a trade agreement that will reduce tariffs on Japanese vehicles and auto parts to 15 percent-down from the 25 percent rate that was set to take

The Auto Wire on MSN · 9h

Big Three Throw Hissy Fit Over Japan Trade Agreement

The Big Three, Ford, GM, and Stellantis, are throwing a hissy fit over President Trump’s new trade agreement with Japan. Through The American Automotive Policy Council, which represents the three American(ish) automakers,

3don MSN

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 ...

6h

Auto supplier Detroit Axle to cut 102 jobs, close Ferndale warehouse, citing Trump tariffs

Detroit Axle said Trump's new tariff policy is forcing it to shut a facility and cut jobs. Experts look for more companies to ...

The New Voice of Ukraine on MSN2d

Trump tariffs cost GM $1.1B in Q2, company eyes supply chain overhaul

Despite the setback, GM’s leadership remains optimistic, forecasting continued growth, particularly in the electric vehicle ...

Soy Nómada on MSN1d

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 ...

3don MSN

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 ...

3don MSN

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 is the latest U.S. auto giant to say tariffs have taken a chunk from their earnings. The company beat earnings ...

3don MSN

GM Stock Falls After $1.1 Billion Hit From Tariffs

GM reports a second-quarter operating profit of $3 billion and earnings per share of $2.53 from sales of $47.1 billion.

2don MSN

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.

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