Trump's tariffs are reportedly negatively impacting the profits of major US automakers, General Motors and Ford.
2 reports, 2 independent
Updated Jul 25
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New informationRepeats or wire copies
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What happened
Trump's tariffs are reportedly negatively impacting the profits of major US automakers, General Motors and Ford.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- GM invests C$1.1 billion in Canadian operations, moving next-gen heavy-duty pickup production to Oshawa amidst trade talks and Trump's tariff threats.Sub-event
- GM and Ford paused pickup truck production due to trade war disruptions and retaliatory restrictions on rare-earth metals.Sub-event
GM is feeling the pinch of tariffs, while Hasbro is reacting by cutting imports from China.1 source
Keep exploring
Part of
Trump's tariffs are reportedly negatively impacting the profits of major US automakers, General Motors and Ford.Also in this story
- Donald Trump is pushing policies related to taxes, trade, and border control.
- Ford plans to manufacture vehicles in Spain, while Trump has announced new tariffs affecting trade.
- Tariffs implemented by Trump are reportedly affecting companies in the state of Michigan.
- Nike and General Motors are facing the reality of tariff costs, absorbing or passing them on as of August 15, 2025.
The entities involved
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
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General Motors
American multinational automotive company
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Hasbro
American multinational toy and entertainment company
Related events
- Canadian officials, including Doug Ford, are lobbying against U.S. tariffs imposed by Donald Trump due to potential negative economic impacts.
- Trump imposed tariffs on Canadian autos and steel, while Canada countered with surtaxes on Chinese EVs and steel, leading to trade talks collapse.
- Trump administration raises tariffs, leading to a trade war with China, which retaliates with matching tariff increases and economic decline.
- Trump administration imposed new import tariffs.
- Trump threatened to impose high tariffs on goods imported from China.
Coverage
Newest first; wire copies grouped- NBC NewsFrom toys to cars, tariffs hit companies' bottom lines The numbers are in: Big toy and auto companies are reporting just how much tariffs are costing them. Toymaker Hasbro said in its quarterly earni
- ReutersBrazil scrambles as U.S. tariff deadline looms, talks stall By Luciana Magalhaes, Lisandra Paraguassu, Bernardo Caram and Ana Mano SAO PAULO (Reuters) -Brazil is scrambling to avert punishing 50% U.S