General Motors estimates that Donald Trump’s taxes will cost him 3.5 to 4.5 billion euros in 2025 – Liberation
Despite Donald Trump’s « little gift » Done to car manufacturers two days ago – compensate them for certain customs taxes – the addition remains salty for General Motors. The automaker announced in a statement this Thursday, May 1, a lowering of its forecasts for the entire year 2025. In question: the trade war that the American president delivers to the rest of the world, touching the automotive sector with full force With an increase in taxes of 25 %.
For these new forecasts, the group estimated the gross impact of surcharge around 3.5 to 4.5 billion euros for the year, an amount that it should be able to compensate only up to 30 %, added General Motors. In detail, the manufacturer is now expecting net profit per share excluding exceptional elements between 8.8 and 11 billion euros against 12 to 14 billion before. A loss of around 3 billion euros for the American company.
Result, General Motors claims to have no choice but to increase your prices. The group warns in its press release that prices in North America will undergo a slight increase from 0.5 to 1 % over a year. But the company tries to reassure, it will have « The ability to continue investing in innovation and production in the United States ». In addition, in electronic exchanges before the opening of the New York Stock Exchange, the General Motors action earned 2.83 %.
If the manufacturer had announced good results for the first quarter of 2025, he had to re -examine his forecasts for the whole year because those previously communicated did not include new customs duties. And had therefore postponed these announcements to this Thursday morning, as well as the traditional audioconference with analysts. This is not the case for several large groups, including French Stellantis And the German Mercedes Benz who revealed to suspend their forecasts for this year. The first group invoked two reasons: « The evolution of customs tariffs » And « The difficulty of predicting the potential impacts on the market and the competitive landscape ».
Car manufacturers are in the most total fog. Since April 3, vehicles imported into the United States have been taxed at 25 % but those from Canada and Mexico can have a lower rate under certain conditions. The spare parts are supposed to be affected no later than May 3.
But, turning back to the Trump, the tribune offered them occasionally of the first 100 of his mandate temporary reduction. For all vehicles manufactured and sold in the United States with imported spare parts, American and foreign manufacturers will thus be able to deduct 15 % of the recommended sale price in the first year-and 10 % per second-customs fees of 25 % on the following imports.
He also signed a decree exempting from car manufacturers from the payment of other customs taxes, such as those on steel or aluminum, to avoid cumulation. These announcements occurred while he celebrated his first 100 days in power Tuesday evening during a meeting in Warren, near Detroit, the heart of the American automotive industry.
