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Detroit’s engine is pushing into overdrive. General Motors on Tuesday blamed President Donald Trump’s tariffs for a $1.1 ...
President Donald Trump has finalized trade agreements with the Philippines and Indonesia, featuring zero tariffs on American ...
GM said earnings in the second quarter reflect a more than $1 billion hit from President Donald Trump's tariffs.
General Motors said July 22 that tariffs could eventually cost the company $5 billion before the end of the year.
It took a $1.1 billion tariff hit in the last quarter, which is on target with expectations. GM sales in China are ticking ...
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Analysts said GM may need to cut investment in future projects or find other ways to trim spending to offset the effect of tariffs.
GM reported its profit was $1.9 billion for the three months ended June 30, compared with $2.93 billion during the same ...
Mary Barra and her team still expect the company will be able to offset about 30% of the $4 billion to $5 billion in expected full-year costs from the trade measures.
Tariffs took a bite out of GM’s second-quarter earnings, but the automaker is executing a plan that includes building more ...
General Motors reported Tuesday that second-quarter profits tumbled by more than a third due to tariffs as it confirmed its ...