GM stock took a sharp 6% fall after the company revealed Trump’s new auto tariffs cost them $1.1 billion in just one quarter. That’s a big hit, and investors are worried this could be just the start of more financial pain. While GM is still seeing growth in electric vehicle sales and has plans to shift more production back to the U.S., the short-term impact of rising costs is already being felt. If these tariffs continue, GM’s future earnings could take an even bigger hit.
