Trump Tariffs Shake Confidence, GM Withdraws Profit Guidance
Trump Tariffs Impact on GM's Profit Predictions
General Motors has taken the unexpected step of withdrawing its profit guidance due to uncertainty surrounding President Trump's tariffs. Earlier this year, GM had projected its earnings would range between $11 and $12 a share. However, recent shifts in trade policy have made it difficult to predict future profits accurately.
Paul Jacobson, GM's chief financial officer, emphasized that prior guidance did not account for the impact of tariffs, rendering it unreliable. He stated, “We will update when we have more information on tariffs.
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