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General Motors says Trump’s tariffs will cost company up to $5B, lowers 2025 profit projections
DETROIT -- The impact of President Donald Trump’s tariffs could cost General Motors up to $5 billion this year. In a letter issued to shareholders Thursday, the Detroit-based automaker lowered its 2025 profit projections to reflect the anticipated impact of the tariffs.
The drop in output early this year was traced to a flood of imports – which are subtracted from gross domestic product – as ...
President Donald Trump falsely claimed Tuesday that he warned during his 2024 campaign that his tariffs would require ...
Chinese state-run media said late Wednesday that the Trump administration has quietly reached out to Beijing to kick off ...
Trump's tariffs may trigger a long-term shift in European consumer habits, as 44% expressed a preference to ditch US products ...
KEY TAKEAWAYS For much of President Donald Trump's first 100 days, his economic agenda has been focused on tariffs.The prices ...
Top Chef' judges Kristen Kish, Gail Simmons and Tom Colicchio unpack the surprisingly political 'Destination Canada' season ...
Senate Republicans narrowly voted down a Democratic resolution that would have blocked global tariffs announced by President ...
GM executives described various "levers" the carmarker can pull to offset some of the sting of the tariffs, and said the ...
The levies will weigh on the iPhone maker, despite Trump's decision to spare key electronics from the new import taxes.
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