CEO of America's largest auto company GM starts a shareholders' letter with thanks to Donald Trump, but a few paragraphs later …
Despite expressing gratitude to President Trump, General Motors CEO Mary Barra revealed the company anticipates a $4 billion to $5 billion hit from tariffs this year. GM is attempting to balance relations with the administration while informing investors of financial challenges. Barra outlined strategies to offset tariff costs, maintaining optimism and dismissing concerns about rising vehicle prices.
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