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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.
GM’s $1.1 billion tariff hit bolsters mounting evidence that Americans are the ones footing the bill for Trump’s import taxes
General Motors is the latest U.S. auto giant to say tariffs have taken a chunk from their earnings. The company beat earnings ...
Tariffs hit U.S. companies hard, but businesses absorb them for now
General Motors said tariffs slashed its second-quarter income by more than $1 billion, and other companies pointed to import ...
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Trump tariffs cost GM $1.1B in Q2, company eyes supply chain overhaul
Despite the setback, GM’s leadership remains optimistic, forecasting continued growth, particularly in the electric vehicle ...
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GM, Ford, and Stellantis Challenge Trump's 15% Tariff on Japanese Auto Industry
The recent trade agreement between the Trump administration and Japan, imposing a 15% tariff on most Japanese imports, has ...
Trump tariffs take a $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 ...
GM reports massive profit loss due to Trump's destructive tariff war
The president's trade policies are wreaking havoc on the American auto industry. Another automaker, Stellantis, also reported losses this week.