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GM reports hit to profits due to tariffs
As the August 1st tariff deadline approaches, President Trump said on social media that the U.S. and the Philippines have reached a trade deal. It comes as the impact of tariffs already in place are becoming more clear as automakers report quarterly earnings.
President Donald Trump’s 25% tariffs on imported vehicles and parts have sent shockwaves through the U.S. auto industry.
Tariffs on imported cars and auto parts cost General Motors $1.1 billion in the second quarter, the nation’s largest ...
GM surprised analysts with Q2 2025 earnings, but a $1.1 billion tariff hit caused net income to plummet 35% year-over-year.
General Motors' second-quarter earnings took a $1.1-billion hit from tariffs, but the automaker still beat analyst ...
The impacts will be felt more broadly in many industries, and the question is when the choice becomes to preserve profits by ...
GM said earnings in the second quarter reflect a more than $1 billion hit from President Donald Trump's tariffs.
GM CEO Mary Barra hasn’t ruled out raising car prices, however, and has said the company will stay competitive.
General Motors Co. said it suffered a $1.1 billion profit hit from Donald Trump’s tariffs and revealed no plan for a ...
The American auto manufacturer’s net income fell by 35%, the company said in its second quarter earnings call.
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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