GM, Trump and tariffs
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General Motors reported second-quarter earnings that beat Wall Street’s estimates, despite ongoing uncertainty from President Donald Trump's auto tariffs.
Reuters is tracking how companies are responding to the threat posed by <a href=" target="_blank" rel="noopener noreferrer nofollow">U.S. President Donald Trump’s tariffs to their operations.
Stellantis reported a substantial net loss of 2.3 billion euros in the first half of the year, impacted by new US tariffs and significant charges related to legislative changes. North American sales declined sharply,
Trading updates and corporate earnings from some of Europe’s auto giants show the extent to which Trump’s tariffs have started to take their toll.
Stock sales by top officials clustered before Trump's major tariff announcements, according to a USA TODAY analysis of transaction forms.
Analysts said GM may need to cut investment in future projects or find other ways to trim spending to offset the effect of tariffs.
Trump has rolled back many of his steepest tariffs over recent months, including a sky-high levy on China, the top source of U.S. imports. In recent days, however, Trump announced plans to slap tariffs as high as 50% on dozens of countries, including 25% tariffs on top U.S. trade partners such as Japan and South Korea.
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MiBolsilloColombia on MSNHow Trump's Tariffs Will Eventually Impact Your WalletThe recent inflation rise to 2.7% in June, driven by consumer prices, signals potential financial strain. As tariffs take effect, consumers may face increased costs, impacting their purchasing power.
President Trump's tariffs are almost "tailor-made" to hit the goods that lower income households prefer to purchase, says economist Ernie Tedeschi of Yale's nonpartisan Budget Lab.
The middle-class price tag for tariffs ranges from $3,800 to nearly $5,000 per household per year. Over four years, that could mean up to $20,000 in lost purchasing power, a steep cost for families already squeezed by inflation. Here are the receipts: