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President Donald Trump’s 25% tariffs on imported vehicles and parts have sent shockwaves through the U.S. auto industry.
The American auto manufacturer’s net income fell by 35%, the company said in its second quarter earnings call.
General Motors Co. said it suffered a $1.1 billion profit hit from Donald Trump’s tariffs and revealed no plan for a ...
The president's trade policies are wreaking havoc on the American auto industry. Another automaker, Stellantis, also reported ...
Tariffs on imported cars and auto parts cost General Motors $1.1 billion in the second quarter, the nation’s largest ...
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 ...
Wall Street inched to another record following some mixed profit reports, as General Motors and other big U.S. companies gave ...
GM CEO Mary Barra hasn’t ruled out raising car prices, however, and has said the company will stay competitive.
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