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GM, Tariff Hit and Donald Trump

Reuters on MSN · 18h

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 · 1d

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 chopped $1.1 billion from adjusted earnings.

The Wall Street Journal on MSN · 18h

GM Profit Shrinks After $1.1 Billion Tariff Hit

General Motors said Tuesday that new tariffs on imported cars and auto parts took a $1.1 billion bite out of its bottom line. The company reported net income shrank 35% in the second quarter as President Trump’s automotive tariffs weighed on the company.

19hon 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 ...

Just The News2h

GM reports profits down $1.1 billion in past three month, attributes to Trump tariffs

GM is anticipating that the total impact of the tariffs in 2025 will be approximately $4 billion to $5 billion ...

1don MSN

GM quarterly profit slumps 35%, but it sticks by full year outlook that was lowered in May

General Motors’ profit and revenue declined in its second-quarter but the automaker’s results managed to easily top Wall ...

20hon MSN

GM says EVs are its ‘North Star' as legacy automaker chases Tesla

While Tesla remains the No. 1 EV manufacturer in the U.S., GM said it has secured the No. 2 position and believes it has an ...

11h

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.

4h

Tesla Is from Mars, GM Is from Earth

This is an online version of Spencer's Markets A.M. newsletter. Get investing insights in your inbox each weekday by signing ...

1d

GM inks deal to recycle EV batteries to power AI

The Detroit automaker signed an agreement with Redwood Materials to turn new and used EV batteries into storage systems to ...

3hon MSN

Trump Sends Toyota Stock Soaring. The Japan Trade Deal Is Scary for Ford, GM.

The tariff on imported Japanese cars has been cut to 15%, down from 25%, in a deal announced by President Donald Trump.

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