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GM, Trump and tariff

Reuters on MSN · 3d

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.

GM profits take $1.1 billion hit in wake of Trump tariffs

General Motors' latest earnings report showed that President Trump's new tariffs on imported cars may have impacted the company's profits. Laila Maidan, a reporter for MarketWatch, joins with more details.

The Globe and Mail · 3d

GM’s second-quarter profit tumbles on $1.1-billion cost from Trump’s tariffs

General Motors Co. GM-N says U.S. tariffs cost it US$1.1-billion in the second quarter, reducing profit by 35 per cent, and warns the financial impact of U.S. President Donald Trump ’s trade policies is set to rise.

2don MSN

Ford, GM and Jeep stunned as loophole in Trump's latest tariff deal hands huge win to foreign rivals

President Donald Trump just signed what he calls the 'largest trade deal in history.' But America's carmakers hate it.

3d

U.S. stocks hang around their records as GM and others show how tariffs are impacting them

Wall Street is hanging near its records on Tuesday following some mixed profit reports, as General Motors and other big U.S.

19h

Volkswagen lowers forecasts after taking $1.5-bln tariff hit

Volkswagen reported a $1.5-billion first-half hit from tariffs and cut its full-year sales and profit margin forecasts in the ...

58mon MSN

Trump’s Tariffs Are Crushing VW’s Bottom Line Harder Than GM’s

Volkswagen has reported their second quarter results and they reveal the company is being hammered by Trump’s tariffs.

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