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General Motors said tariffs slashed its second-quarter income by more than $1 billion, and other companies pointed to import ...
Ford (F), and Chrysler-parent Stellantis (STLA) voiced concerns Tuesday over a trade deal that would reduce tariffs on Japanese auto imports to 15%.
The Trump administration’s tariffs are hitting companies that do business in the United States. But prices haven’t reflected them yet in many cases.
“A world with tariffs is unacceptable for us,” Beato said. “A world with tariffs puts our plant in a vulnerable position, ...
General Motors was the second auto company this week, after Stellantis, to show the toll that President Trump’s trade policies are taking on the industry.
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