General Motors CEO Mary Barra expressed gratitude to President Trump for his support of the U.S. automotive industry, yet acknowledged an anticipated financial impact of $4 to $5 billion due to Trump’s tariffs. Despite GM’s growth in electric vehicle sales and revenue, the tariffs pose a significant challenge. Trump’s recent executive order adjusted some tariffs but did not fully alleviate the burden on automakers regarding steel and aluminum costs. Analysts predict potential price increases for consumers, though GM remains optimistic about ongoing trade discussions with the administration. Barra emphasized the company’s commitment to adapting and maintaining a strong dialogue with the government.
— new from The Verge
