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GM’s $1.1 billion tariff hit bolsters mounting evidence that Americans are the ones footing the bill for Trump’s import taxes
fortune.com/2025/07/22/who-is-paying-for-tariffs-americans-exporters-general-motors
General Motors had a more than $1 billion chunk taken out of its profits due to tariff costs, the company reported on Tuesday. GM, as well as other automakers like Stellantis, have contributed to evidence indicating American companies and consumers—not exporters—are the ones paying for…
This story appeared on fortune.com, 2025-07-22 19:20:42.