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GM Faces Up to $5 Billion Hit from Trump’s Tariffs: What It Means for the Auto Industry

GM Faces Up to $5 Billion Hit from Trump’s Tariffs: What It Means for the Auto Industry

BUSINESS - 5/1/2025

General Motors reveals that the Trump administration's tariffs will cost it $4-$5 billion this year, prompting a drastic cut in earnings projections. The auto giant's CEO, Mary Barra, warns of broader economic implications as tariffs loom over the industry.

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