GM's $1B tariff loss spells doom for U.S. consumers
Government
General Motors says it lost more than $1 billion in profits due to tariff costs — adding to growing evidence that American companies and consumers, not exporters, are footing the bill from President Donald Trump ’s trade war. GM's report General Motors is the latest U.S. automaker to report a financial blow from tariffs. Despite beating expectations, the company saw second-quarter profits fall, including a $1.1 billion loss linked to import taxes. Sales dipped 2% to $47 billion, and quarterly
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