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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 ...
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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 ...
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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 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 ...