The Trump administration’s tariffs on imported cars and auto parts will cost General Motors between $4 billion and $5 billion this year, as the nation’s largest automaker slashed its earnings projections.

Following President Trump's decision to give automakers some tariff relief, General Motors updated its full-year profit guidance but still sees a big tariff hit.

General Motors says that the fallout caused by Donald Trump’s chaotic global tariffs will increase its annual costs by up to five billion dollars. On Thursday, the major U.S. car manufacturer cut profit forecasts for 2025 by 20 percent,