General Motors (GM) is navigating a challenging tariff environment, reporting a $1.1 billion net tariff impact for Q2, which was slightly lower than expected. CFO Paul Jacobson noted that future tariff costs might increase, but there’s hope for lower rates due to trade deals with Canada, Mexico, and South Korea. GM is adjusting production strategies to mitigate disruptions and anticipates a gross tariff impact of $4 to $5 billion in 2025, with about $2 billion linked to South Korea. Despite challenges, GM reported strong growth, particularly in electric vehicle sales, which surged 111% year-over-year.

Source: https://www.supplychaindive.com/news/gm-cfo-looks-strategic-pricing-costs-blunt-tariff-impact-auto/753950/