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GM, Trump and tariff

Reuters on MSN · 2d

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 on MSN · 2d

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.

InformNNY on MSN · 7h

GM & Stellantis Hit by Trump Tariffs, Q2 Profit Tumbles

General Motors and Stellantis, two pillars of the U.S. automotive industry, are grappling with escalating costs and shrinking profits as recent Trump-era tariffs take effect. GM saw a dramatic Q2 earnings slump,

Trump strikes tariff deal with Japan

The Associated Press on MSN · 15h

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,

USA TODAY on MSN · 1d

President Trump announces 'massive' Japan trade deal with 15% tariff

Trump said the U.S. will impose a 15% tariff on Japanese imports under the agreement, which he hailed as "maybe the largest deal in history."

The New York Times · 22h

Trade Deal Could Give Japanese Cars a Leg Up in U.S. Market

President Trump’s 15 percent tariff on cars from Japan has angered U.S. automakers, which make cars in Canada and Mexico subject to 25 percent tariffs.

2don 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 had a more than $1 billion chunk taken out of its profits due to tariff costs, the company reported on Tuesday ...

Hosted on MSN5h

GM and Ford Get a Raw Deal in Trump’s Trade Pact With Japan

That means it is cheaper for Japan to export cars to the U.S. than for Ford or GM to import vehicles from their plants in ...

2don 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 ...

Soy Nómada on MSN10h

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 ...

2don 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 ...

1don 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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