GM Ate $1.1 Billion in Tariffs in Q2, Will

GM Ate $1.1 Billion in Tariffs in Q2, Will “Likely” Eat More in Q3, Shifts Production to the US to Cut Costs, and Has Cash Left Over to Waste on Share Buybacks

Upworthy

Published 22 Jul 2025

Good news for the US economy and the precarious US fiscal situation, but not for the stock; shares tanked 8%. By Wolf Richter for WOLF STREET. GM, which reported earnings and the impact of tariffs today, imports vehicles from Mexico, South Korea, China, and Canada, and those that it produces in…

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GM Ate $1.1 Billion in Tariffs in Q2, Will “Likely” Eat More in Q3, Shifts Production to the US to Cut Costs, and Has Cash Left Over to Waste on Share Buybacks

GM Ate $1.1 Billion in Tariffs in Q2, Will “Likely” Eat More in Q3, Shifts Production to the US to Cut Costs, and Has Cash Left Over to Waste on Share Buybacks

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