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International Business Times
International Business Times
Business

GM Cuts 2025 Outlook, Projects Up To $5 Bn Hit From Tariffs

GM Donald Trump United States Mary Barra Ford Jim Farley General Motors Fox Business Supply chain Chevrolet
GM said it is monitoring trade talks between the Trump administration and South Korea, where it assembles the Chevrolet Trax, which is popular with value-conscious US customers (Credit: AFP)

General Motors pledged Thursday to take additional steps to boost its US supply chain after projecting a $4-5 billion hit to the US auto giant's 2025 earnings from President Donald Trump's tariffs.

GM expects to offset "at least" 30 percent of that tariff hit from "self help" measures that include relatively quick changes to its production and supply chain footprint, executives said.

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