The American automaker General Motors (GM) announced Thursday in a press release a lowering of its forecasts for the entire financial year 2025 due to the customs duties set up by the Trump administration.
The group estimated the gross impact of surcharge around 4 to 5 billion dollars for the year, an amount it should be able to compensate at 30%, he added, warning that prices in North America were going to increase by 0.5 to 1% over a year.
GM had announced on Tuesday the best results that expected in the first quarter, while indicating re -examining its forecasts for the whole year, because those communicated before did not include new customs duties.
He also pushed the announcement of his new forecasts on Thursday morning, as well as the traditional audioconferencing with analysts.
Since April 3, imported vehicles have been taxed at 25% but those from Canada and Mexico-with which the United States has a free trade agreement-can have a lower rate. The spare parts are supposed to be affected no later than May 3.
Temporary relief
US President Donald Trump announced temporary reduction on Tuesday evening. 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.
