GM Profit Plunges Amid Trump Tariffs
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General Motors' second-quarter profit plummeted by over one-third, exceeding $1 billion in losses attributed to President Trump's tariffs. This follows Stellantis' announcement of significant losses partly due to tariffs and other Republican policies. The auto industry, a major US economic pillar employing millions, faces challenges in investing in new technologies amidst shrinking profits and rising competition from expanding Chinese automakers.
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