All articles tagged with #tariff impact
General Motors stock soared after beating Q3 earnings and revenue expectations, raising full-year guidance, and reducing tariff impact estimates, despite recent EV restructuring charges due to regulatory changes and end of federal incentives, with CEO Mary Barra emphasizing focus on EV profitability and cost management.
Six months into Trump's tariffs, the US economy remains strong with low unemployment and high growth, but the trade war's full impact is still uncertain, with ongoing tariffs, legal challenges, and limited benefits for American manufacturing and farmers.
Small US firms face a $202 billion annual tariff burden due to new Trump tariffs, struggling with increased import costs and compliance challenges, which threaten their financial stability and overall economic contribution.
Toyota is raising prices on certain models by an average of $270 for Toyota and $208 for Lexus, citing regular price review processes rather than tariffs, despite recent US tariffs on auto imports. Other automakers like Mazda and Ford also increased prices, but attribute these to normal adjustments rather than tariffs, even as tariffs are impacting costs.
Small Vermont business Bivo, which sells water bottles imported from China, is struggling to cope with high tariffs of up to 47%, despite a temporary reduction by President Trump, highlighting the ongoing challenges faced by small businesses due to tariffs.