President Donald Trump’s tariff strategy aims to address trade deficits, reshore manufacturing, and reduce the federal deficit. While groups like the Coalition for a Prosperous America support this approach, volatility caused by tariffs poses challenges for businesses. General Motors (GM) recently paused its guidance for 2025 and suspended $4 billion in share buybacks due to tariff-related uncertainty. The company also postponed a conference call with analysts. Paul Jacobson, GM’s CFO, stated that prior guidance cannot be relied upon due to the impact of tariffs. The White House clarified that a 25% tax on imported vehicles will remain, but other levies will not stack. Automakers importing steel and aluminum will not face separate tariffs. Reimbursements for tariffs on auto parts will be available, capped at 3.75% of a U.S.-made car’s value for one year. Despite these measures, GM reported strong first-quarter earnings, with adjusted earnings of $2.78 per share on $44 billion in revenue. However, net income fell 6.6% year-over-year, and automotive operating cash flow dropped 33.2%. GM raised its quarterly dividend to 15 cents per share. — new from TheStreet