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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.’s second-quarter profit fell as President Donald Trump’s tariffs on foreign-made vehicles and parts chopped $1.1 billion from adjusted earnings.

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

CNBC on MSN · 6h

Trump Commerce Sec. 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 Associated Press on MSN · 11h

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 Washington Post · 1d

Why Japanese autos might become more attractive to U.S. customers

Trump announced Tuesday that the U.S. had reached a “massive” deal with Japan to levy 15 percent tariffs on Japanese imports — including automobiles and auto parts — inste

2don 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.

1d

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.

1don 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 ...

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 ...

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 is the latest U.S. auto giant to say tariffs have taken a chunk from their earnings. The company beat earnings ...

2d

GM profit shrinks despite stronger sales

Automaker General Motors posted a 12% sales gain through the first half of year while working to mitigate the effects of ...

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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