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Trump tariffs cost GM $1.1B in second quarter, could hit $5B in costs this year
Tariffs instituted by President Donald Trump have cost Detroit-based General Motors an estimated $1.1 billion in the second quarter of 2025, the automaker said Tuesday. GM says the costs largely contributed to a 21% drop in net income during the quarter, according to CNN.
Tariffs on imported cars and auto parts cost General Motors $1.1 billion in the second quarter, the nation’s largest ...
President Donald Trump’s 25% tariffs on imported vehicles and parts have sent shockwaves through the U.S. auto industry.
General Motors' second-quarter earnings took a $1.1-billion hit from tariffs, but the automaker still beat analyst ...
GM CEO Mary Barra hasn’t ruled out raising car prices, however, and has said the company will stay competitive.
The president's trade policies are wreaking havoc on the American auto industry. Another automaker, Stellantis, also reported ...
GM said earnings in the second quarter reflect a more than $1 billion hit from President Donald Trump's tariffs.
The S&P 500 eked out a record-high close on Tuesday, following steep losses in General Motors and a gain in Tesla as ...
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How Is GM Doing With Tariffs, EV Uncertainty? The Going's Tough, But It Has a PlanTariffs took a bite out of GM’s second-quarter earnings, but the automaker is executing a plan that includes building more ...
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