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GM thanks Trump for the $5 billion tariff hit it expects to take The VergeGM CEO Mary Barra: Tariffs will cost us $5 billion, and prices ‘will stay at the same level' CNNGM lowers 2025 guidance, citing up to $5 billion in tariff exposure CNBCGM to Take as Much as $5 Billion Hit on Trump Tariffs. Why the Stock Is Rising. Barron's
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General Motors now expects to earn a lot less than it did before President Trump imposed 25% tariffs on imported cars and auto parts.
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Amazon earnings live updates: Stock falls 5% as 2nd-quarter guidance disappoints Business InsiderAmazon issues light guidance, noting 'tariffs and trade policies' as factors CNBCAmazon's stock falls, as part of the earnings outlook comes in light MarketWatchAmazon Projects Profit That Misses Estimates on Trade Concerns Bloomberg.com
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GM's updated guidance comes two days after the carmaker reported quarterly earnings in which profit and revenue topped expectations.
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US wants to start tariff talks with China, state media says ReutersTrump tariffs live updates: Trump administration quietly reaches out to Beijing to kick off tariff talks Yahoo FinanceChina signals opening for trade talks with US Financial TimesChina insists no tariff talks underway with Trump and Xi or top aides, despite U.S. claims CNBC
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