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GM, Trump and tariff

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.

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.

Japan, Trump and tariff

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,

CNBC on MSN · 1d

Trump Commerce Secretary Lutnick says U.S. auto CEOs are ‘cool with' higher tariffs than Japan

The head of the American Automotive Policy Council, which represents General Motors, Ford and Stellantis, raised concerns about Trump’s Japan deal.

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.

3don MSN

GM profit hurt by over $1B in tariffs — and shares tumble as impact expected to worsen

GM CEO Mary Barra hasn’t ruled out raising car prices, however, and has said the company will stay competitive.

2d

Wall Street ticks up to another record as GM and others show how tariffs are impacting them

General Motors and other U.S. companies give updates on how much President Trump’s tariffs are impacting them.

3don MSN

GM: Tariffs Cost Automaker $1.1 Billion Last Quarter

The American auto manufacturer’s net income fell by 35%, the company said in its second quarter earnings call.

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.

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