News

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 ...

President Trump announces new trade deals with Philippines and Indonesia

President Donald Trump has finalized trade agreements with the Philippines and Indonesia, featuring zero tariffs on American ...

Gm quarterly profit slumps 35%, but it sticks by full year outlook that was lowered in may

General Motors’ profit declined 35 percent in its second-quarter, but the automaker easily topped expectations and stuck by ...
The Business Times31m

Trump tariffs take US$1-billion bite out of GM earnings, shares fall

BENGALURU] General Motors’ (GM) second-quarter earnings took a US$1.1-billion hit from tariffs, but the automaker still beat analyst expectations for the period on Tuesday (Jul 22), supported by ...