Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

GOP senators back bill exempting small business

July 23, 2025

Trade optimism lifts stocks, and Broadcom shares shake off a reported wrinkle in Meta’s chip plans

July 23, 2025

We’re raising price target on GE Vernova by $150 after blowout earnings

July 23, 2025
Facebook X (Twitter) Instagram
Wednesday, July 23
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » General Motors warns of $5bn tariff hit even after Trump’s relief measures
USA

General Motors warns of $5bn tariff hit even after Trump’s relief measures

adminBy adminMay 1, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 54


Unlock the White House Watch newsletter for free

Your guide to what Trump’s second term means for Washington, business and the world

General Motors has cut its profit guidance for the year in response to Donald Trump’s trade war, warning of up to $5bn in exposure to the US president’s sweeping tariffs.

In a letter to shareholders on Thursday, the US carmaker said it now expected to report annual adjusted earnings of between $10bn and $12.5bn before interest and taxes, compared with a previous range of $13.7bn to $15.7bn.

Just two days earlier, the company had pulled its guidance and temporarily suspended share buybacks due to the uncertainty surrounding trade with the US.

GM’s warning of a tariff exposure of between $4bn and $5bn came even after the US president offered some relief to the car industry earlier in the week by sparing auto companies from some of his steepest levies.

Due to the shifting nature of the Trump administration’s trade policies, companies from Mercedes-Benz and Stellantis to Volvo Cars have struggled to calculate the impact of the 25 per cent levies on imports of foreign-made vehicles. 

In a speech in Michigan on Tuesday, Trump offered small rebates to carmakers that produce their vehicles in the US to offset the costs of his broader levies, as well as an exemption from the administration’s tariffs on steel and aluminium for imported parts.

“We look forward to maintaining our strong dialogue with the Administration on trade and other policies as they evolve,” GM’s chief executive Mary Barra said in the shareholder letter.

GM is widely considered the Detroit Three carmaker most exposed to the tariffs because of its wider operations in Canada and Mexico. It makes about half the vehicles it sells in the US in the two neighbouring countries, including its popular Chevrolet Silverado pick-up truck. It also imports vehicles it sells in the US from South Korea. 

To mitigate the tariffs, GM has said it plans to increase production of full-size pick-up trucks at its assembly plant near Fort Wayne, Indiana, by about 50,000 units a year.

On Tuesday, GM reported adjusted earnings of $3.5bn before interest and tax in the first quarter, down 9.8 per cent year on year, on a 2.3 per cent rise in revenue to $44bn — slightly higher than the average analyst estimate, according to S&P Capital IQ.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

USA

The bitcoin rally

July 17, 2025
USA

Donald Trump’s escalating attacks on Federal Reserve unnerve investors

July 17, 2025
USA

Brussels should not be shocked by Trump being Trump

July 17, 2025
USA

Should China adopt a zero interest rate?

July 17, 2025
USA

Donald Trump floats firing Fed’s Jay Powell

July 16, 2025
USA

US set to ban Chinese technology in submarine cables

July 16, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Pakistan rupee gains amid reported crackdown against US dollar smugglers – Markets

July 23, 2025

India bonds end steady as lack of cues continue to dominate – Markets

July 23, 2025

Pakistan Single Window: Auto makers can now apply for import quotas digitally – Technology

July 23, 2025

Pakistan, Afghanistan ink Preferential Trade Agreement: report – Markets

July 23, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • GOP senators back bill exempting small business
  • Trade optimism lifts stocks, and Broadcom shares shake off a reported wrinkle in Meta’s chip plans
  • We’re raising price target on GE Vernova by $150 after blowout earnings
  • Nickel prices inch up amid mixed outlook
  • Pakistan rupee gains amid reported crackdown against US dollar smugglers – Markets

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

GOP senators back bill exempting small business

July 23, 2025

Trade optimism lifts stocks, and Broadcom shares shake off a reported wrinkle in Meta’s chip plans

July 23, 2025

We’re raising price target on GE Vernova by $150 after blowout earnings

July 23, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.