WASHINGTON (dpa-AFX) - General Motors expects the Trump administration's auto and parts tariffs to cost it between $4 billion and $5 billion in 2025.
The tariff impact led GM to slash its adjusted EBIT guidance to $10 billion to $12.5 billion from last year's $14.9 billion and pause a planned stock buyback.
With tariffs on U.S.-built cars using roughly 46 percent imported parts set to rise, GM is lobbying for further offsets to mitigate costs.
GM is currently trading at $45.26 up $0.02 or 0.04 percent on the New York Stock Exchange.
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