General Motors, thanked Trump for a $ 5 billion tariff, expected to take

Mary Barra, CEO of General Motors, started, Q1 a letter to the shareholders By thanking “President Trump for his support for the American auto industry.” After several paragraphs, things turn, with Para showing an effect ranging from $ 4 billion and $ 5 billion as a result of Trump’s constantly changing definitions.

Bara’s letter was evidence of the exact line that the auto industry needs to walk in order to put the president, while also asserting investors that he could overcome the financial storm. In this regard, General Motors says she has a lot of evidence for her.

Revenue increased by 2 percent on an annual basis, and made more progress in improving the profitability of its electric cars. In this regard, Para announced that General Motors “strengthened” its position as the second seller of EVS in the United States, behind Tesla. ((With sales of Tesla and revenue revenue revenueShe said, with the famous moderation and EVS, is the “fastest growing brand”, it is not out of the possibility that GM continues to make progress in this section. GM is the largest producer of Lithium Ion batteries in the United States.

The country’s largest auto company was expecting a strong year of profits until Trump dawn everything with his tariff. Earlier this week, General Motors withdrew its guidelines, explaining that any prediction of profits at this stage would be “guessing”, and it will be “guessing”. according to New York Times. The company also postponed its collective calls with financial analysts to discuss its results in the first quarter by two days, while it evaluated the impact of the last curved ball from the White House.

On Tuesday, Trump The new executive order signed The course of some automatic definitions that was called a few weeks ago will lead to the Renaissance in the United States. Now, car companies that pay a tariff of 25 percent on car imports will not have to pay other fees, such as steel and aluminum, or some imports from Canada and Mexico. But as it is written, the rules do not seem to protect the auto companies from the customs tariffs on the steel and aluminum that their suppliers pay and then transfer to it.

Analysts predicted that the customs tariff will be a pyramid of the auto industry, as it expects the prices of stickers to rise by $ 10,000. In response, many Showers with panic rushed to their local agent To get while getting good. According to JD Power, New vehicle sales in April 10.5 percent is expected to rise yearly, driven by 139,000 accelerating purchases from buyers trying to lock prices. But this has already started to calm, as automobile companies promised more price stability throughout the summer, according to Scan Auto Auto man.

But the Barra message does not indicate high prices, shopping or demand for the hole. It is optimistic about Trump’s willingness to bend the definitions, which he has repeatedly shown over the past few weeks. This is all you can really do now.

“We look forward to maintaining our strong dialogue with the administration on trade and other policies as it continues to develop,” she wrote. “As you know, there are continuous discussions with the main commercial partners who may also have an impact. We will continue to be intelligence, and we update and update as we know more.”