GM withdraws profit guidance because of uncertainty of Trump tariffs
General Motors said Monday it would withdraw guidance it issued over its potential profits this year because of President Trump’s tariffs, which have sparked uncertainty in the auto sector as well as the broader economy.
Earlier this year, the company projected its earnings would fall between $11 and $12 a share, but it said an unexpected shift in trade policy makes it harder to accurately predict future profits.
“Because the original guidance didn’t include impact from tariffs, prior guidance can’t be relied upon,” said........
© The Hill
