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Yo_Mama_Been_Loggin

(126,608 posts)
Tue Jul 22, 2025, 09:31 PM Jul 22

Trump's tariffs are wrecking this key industry

Two of the largest automakers, which each employ thousands in the U.S., are saying that President Donald Trump’s tariff policies have lost them billions in profits in the first half of 2025. The news highlights ongoing economic problems caused by Trump’s tariffs, despite the improving economy that Trump inherited.

General Motors said on Tuesday that it had lost $1 billion in the second quarter of 2025, compared with its profits at the same time last year. A year ago, when Joe Biden was in the White House, GM had profits of $2.9 billion, but this year, under Trump, that was down to $1.9 billion. The company also saw a 2% drop in sales this year.

Stellantis, which oversees brands like Chrysler, Jeep, and Dodge, reported similar bad news on Monday. In an announcement that shocked Wall Street, the company said it estimated that it would experience a net loss of nearly $2.7 billion in the first half of 2025. The company attributed much of the problem to the early effects of Trump’s tariffs.

Following Trump’s April announcement of his “Liberation Day” tariffs on nearly all countries, his administration claimed that it would swiftly close new trade deals and that the tariffs would not hurt the economy. That hasn’t happened.

https://www.dailykos.com/stories/2025/7/22/2334609/-Trump-s-tariffs-are-wrecking-this-key-industry

9 replies = new reply since forum marked as read
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Trump's tariffs are wrecking this key industry (Original Post) Yo_Mama_Been_Loggin Jul 22 OP
tip of the iceberg Vthestate Jul 22 #1
A boatload of small businesses with no way forward, are already talking with bankruptcy lawyers Brother Buzz Jul 22 #2
It's his best thing KentuckyWoman Jul 22 #4
Historically, there has been an 'economic recession' in the second year of every Presidential Administration, Tarzanrock Jul 22 #3
This is only the beginning... Fil1957 Jul 22 #5
We're all now in an abusive relationship... littlemissmartypants Jul 23 #6
To be fair Greg_In_SF Jul 23 #7
Did they swallow Traitor's LIES & Vote Cha Jul 23 #8
trump's tariffs are taxes being paid by US citizens LetMyPeopleVote Saturday #9

Brother Buzz

(39,042 posts)
2. A boatload of small businesses with no way forward, are already talking with bankruptcy lawyers
Tue Jul 22, 2025, 09:43 PM
Jul 22

The marmalade shartcannon is hellbent on killing the economy

 

Tarzanrock

(1,250 posts)
3. Historically, there has been an 'economic recession' in the second year of every Presidential Administration,
Tue Jul 22, 2025, 10:59 PM
Jul 22

Democrat or Republican, for more than 100 straight years now according to Wall Street records. It is beginning to look like the coming 'Turd economic recession' is fucking "A" inevitable for 2026 given the gross economic mismanagement, gross misfeasance and gross malfeasance of the Turd and that of his utterly incompetent cabinet.

littlemissmartypants

(28,671 posts)
6. We're all now in an abusive relationship...
Wed Jul 23, 2025, 12:16 AM
Jul 23

With our government.

See the economic abuse and isolation abuse spokes on the wheel?

Note the other spokes. Edit "she" to "we" and "her" to "us"... then prove me wrong.



Greg_In_SF

(424 posts)
7. To be fair
Wed Jul 23, 2025, 12:24 AM
Jul 23

GM and Stellantis make shit ass products

Stellantis' Dodge sales, year to date, are down 49%.

Stellantis' Dodge raised their prices the most, during the pandemic. 40%-50% if I recall.

Subaru raised their prices the least during the pandemic and they are going gangbusters!

Cha

(313,308 posts)
8. Did they swallow Traitor's LIES & Vote
Wed Jul 23, 2025, 12:29 AM
Jul 23

for him? No Clue Traitor is working for Putin to Destroy America?

LetMyPeopleVote

(167,017 posts)
9. trump's tariffs are taxes being paid by US citizens
Sat Jul 26, 2025, 10:51 AM
Saturday

trump is proposing giving back money he took from Americans


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