GM, Trump and tariffs
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A new report found inflation on the rise in June, renewing concerns that inflation is roaring back thanks to Donald Trump's tariff agenda.
General Motors reported second-quarter earnings that beat Wall Street’s estimates, despite ongoing uncertainty from President Donald Trump's auto tariffs.
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We are thinking about no tax on capital gains on houses,” Trump said during an Oval Office meeting with the president of the Philippines.
Stellantis reported a substantial net loss of 2.3 billion euros in the first half of the year, impacted by new US tariffs and significant charges related to legislative changes. North American sales declined sharply,
Trading updates and corporate earnings from some of Europe’s auto giants show the extent to which Trump’s tariffs have started to take their toll.
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MiBolsilloColombia on MSNHow Trump's Tariffs Will Eventually Impact Your WalletThe recent inflation rise to 2.7% in June, driven by consumer prices, signals potential financial strain. As tariffs take effect, consumers may face increased costs, impacting their purchasing power.
President Trump's tariffs are almost "tailor-made" to hit the goods that lower income households prefer to purchase, says economist Ernie Tedeschi of Yale's nonpartisan Budget Lab.
General Motors' second-quarter core profit fell 32% to $3 billion, as the automaker continued to confront challenging tariff policies, which it said sapped $1.1 billion from the results.
The largest U.S. automaker by sales said it expects the tariff impact to worsen in the third quarter after reporting a US$1.1 billion hit from the duties.