GM expects $5B impact from tariffs this year

General Motors CEO Mary Barra says the company is expecting a large impact from tariffs this year.

She told shareholders that the company may take a hit of $4 billion to $5 billion related to tariffs.

“We look forward to maintaining our strong dialogue with the administration on trade and other policies as they continue to evolve,” Barra said. “As you know, there are ongoing discussions with key trade partners that may also have an impact.”

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