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GM, Trump and tariff

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.

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.

Yahoo · 2d

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, Trump and Tariff

Soy Nómada on MSN · 1d

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 sparked significant opposition from major U.S. automakers. Industry leaders argue this move grants an 'unfair advantage' to Japanese car manufacturers,

ABC · 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,

The New Republic on MSN · 1d

U.S. Automakers Say They Were Screwed Over in Trump’s Japan Trade Deal

U.S. automakers are reporting that Trump’s trade deal with Japan is favoring Japanese automakers over them in yet another reneging on the president’s so-called “America First” agenda. Trump initially announced a 25 percent tariff on all foreign car imports in April.

Cyprus Mail on MSN3h

Tariffs slash GM profits, but strong truck and SUV sales cushion the blow

General Motors’ (GM.N) second-quarter earnings took a $1.1 billion hit from tariffs, but the automaker still beat analyst expectations for the period, supported by strong sales of its core gasoline ...

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

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 ...

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 ...

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 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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