Expensive Trump trade war. General Motors has lost over $ 1 billion in duties.

General Motors announced on Tuesday that the American company introduced by President Donald Trump cost over $ 1 billion in the second quarter of this year. And the income in terms of year on year fell by more than a third. The day before, GM – Stellantis's rival informed about similar losses.

GM is the second automotive concern after Stellantis, which showed the price for Trump's commercial policy the whole sector will pay – comments New York Times.

The automotive sector, which employs about 1 million people, is a very important pillar of the American economy; The erosion of his profits will make it difficult for car concerns to invest in new technologies, and therefore also competing with Chinese car manufacturers – emphasizes “NYT”.

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The day before, ABC News has reported that Stellantis, a French-Italian-American car giant, which was created after the merger of the Fiat Chrysler group with the French PSA group, will lose $ 2.7 billion in connection with the trading war.

Sales of Stellantis cars fell in the second quarter of 2025 by 25 percent, mainly due to “limiting the production and transport of imported cars, which affected the most importantly” – said the concern.

GM, which produces, among others Such cars as Cadillac or Chevrolet will invest $ 4 billion. In increasing production in the USA to limit the losses related to duties – announced the executive director of the group Mary T. Barra.

The sale of GM cars dropped by 2 % in the second quarter, but the sale of electric cars has increased over twice.

ABC New reminds that the day after Trump announced the implementation of customs duties for cars, Stallantis announced that it will temporarily dismiss 900 employees in the USA plants and suspend work at Michigan and Indians factories, as well as in Canada and Mexico, in connection with tariffs for imported cars.

Stellantis owns, among others, brands such as Citroen, Peugeot, Vauxhall, Fiat, Alfa Romeo, Chrysler, Jeep, Opel and Maserati.

The day after Trump announced a decision on customs, the shares of all three American concerns “Big Three” from Detroit – Ford, Stellantis and General Motors – scored significant declines, from 3 to 7 percent. (PAP)

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