GM, Trump and tariffs
Digest more
Top News
Impacts
Reactions and opinions
NBC News |
General Motors shares fell more than 7% Thursday as investors weighed the auto giant’s outsize vulnerability to the tariffs President Donald Trump announced Wednesday.
U.S. News & World Report |
President Donald Trump’s 25% tariffs on autos not made in the U.S. and certain auto parts are sending more tremors through an industry already being pummeled by steel and aluminum import duties and o...
Wall Street Journal |
Trump told the executives that the White House would look unfavorably on such a move, leaving some of them rattled and worried they would face punishment if they increased prices, people with knowled...
Read more on News Digest
President Donald Trump is creating a no-win situation for car makers by raising costs with tariffs and asking car makers not to adjust their prices. General Motors and Ford Motor stocks are falling.On Thursday,
Investors think Donald Trump’s 25% tariff on imported autos is a bigger roadblock for General Motors than Ford. It may not be so clear-cut. The tariff announcement knocked about 11% off of GM’s shares,
The S&P 500 declined 0.3% on Thursday, March 27, after the White House announced a 25% tariff on auto imports will take effect next week.
President Donald Trump announced a 25 percent tariff on all cars imported to the U.S., taking effect next week. How will that impact GM vehicle pricing?
Automaker stocks slumped following President Donald Trump’s announcement that he will place 25% tariffs on auto imports.
Explore more
GM’s stock leads the S&P 500 decliners given tariff exposure, even as J.P. Morgan reiterates bullish calls. Meanwhile, Tesla shares rise.
GM is actively working on a fix for connectivity issues between the GM myApps and Apple Watch users, with connectivity suspended until the fix is released.
Michigan Strategic Fund officials told media that both GM and LG Energy Solutions remain on track to fulfill their requirements at separate factories.
A Michigan man has been charged after police in Kentucky recovered eight stolen Corvettes worth $1.2 million. NBC News reported Thursday that Deantae Walker, 21, of Westland has been charged with evading police, resisting arrest, receiving stolen property and criminal mischief.