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General Motors Lowers Earnings Guidance Due to Trump Tariffs
General Motors Lowers Earnings Guidance Due to Trump Tariffs
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General Motors has revised its profit outlook downward, anticipating up to $5 billion in financial impact from Trump administration tariffs this year. CEO Mary Barra confirmed the adjustment in a CNN interview, citing eroded profitability as the primary driver. The auto giant’s revised EBIT forecast now stands between $10 billion and $12.5 billion.
Market turbulence followed the delayed disclosure, which came via a shareholder letter after GM’s Q1 earnings miss. The tariffs continue to Ripple through global markets, with April witnessing heightened volatility across major indices as policymakers and corporations grapple with the economic fallout.
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