"General Motors" has lowered the profit forecasts and the stocks freeze with Trump fees printing

“General Motors” withdrew its expectations for profits in 2025 and frozen the $ 4 billion purchase program until the functions of the impact of US customs duties become clear. ‘General Motors’ is in line with an increasing list of US businesses whose profits are withdrawing as they try to handle new fees for import and reactions to the United States trade partners. The first -quarter profits exceeded the estimates that made the decision, while the car business today, Tuesday, announced the $ 2.78 per share profits in the first quarter, which is better than the average estimates of analysts who collected “Bloomberg” by 6 cents per share. “The expectations offered in the beginning did not include the impact of customs duties, so previous estimates cannot be relied on,” Paul Jacobson, the company’s financial manager, said at a telephone conference with reporters. “We’ll update it as soon as you get more information about the fees.” Before Trump announced the customs duties, “General Motors” told investors in January that they were on their way to earn profits between $ 11 and 12 per share this year. A month later, the company announced a new program to buy the $ 6 billion shares, including the two billion dollars grant for the second quarter. Jacobson explained that a third of the planned amount for buying shares will continue to implement under a program that is applied faster than usual. The company’s shares have dropped, the company’s shares fell 3.3% to $ 45.69 on Tuesday at 06:40. The shares were closed by about 11% on Monday since the beginning of the year. General Motors’ expectations of their profits this year were largely doubted due to customs duties on cars coming to the United States, which is the largest and most profitable market for the company. The automotive business receives about half of its local sales of imports sent from production facilities in Canada, Mexico and South Korea. ‘General Motors’ and other car businesses have pointed out to approve a more flexible customs policy. Earlier this month, Trump pointed out that he could somehow agree to the case, and late Monday, an official of the White House said that steps would be taken to prevent several customs duties on cars made abroad, and to reduce the fees on some imported auto parts. A ‘General Motors’ spokeswoman said the company postponed a conference by phone with analysts to discuss the results of its business in the first quarter to the first May, after May, after May, it was originally scheduled Tuesday. The date of implementation of customs duties said the Trump administration earlier that the United States will impose with 25% on imported cars from May 3. The fees will also contribute the parts as soon as the Ministry of Commerce develops a system to determine the percentage of components made outside the United States in each car. What the models produced in Canada and Mexico, which comply with the trade agreement between the United States, Canada and Mexico (USMCA), which Trump negotiated during his first term, will be released. But the non -American content in these cars will be subject to fees. In addition to uncertainty about customs duties, General Motors started strongly, despite the stop of truck production for a few weeks due to a fire in a main providers factory, according to Jacobson. The company’s profits before calculating interest and taxes during the first three months was $ 3.49 billion, exceeding the “Wall Street” estimates that achieved less than $ 3.87 billion in the first quarter of 2024. Million dollars, in addition to an increase in the costs associated with guarantees. Jacobson said the company did not reduce capital expenditure in the first quarter, but that it would carefully assess spending plans in the future. China represents a positive point in the results of the “General Motors” business. General Motors restructured its work in China last year after a few years of declining performance.