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Yo_Mama_Been_Loggin

(126,171 posts)
Tue Jul 22, 2025, 09:31 PM 12 hrs ago

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

8 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 12 hrs ago OP
tip of the iceberg Vthestate 12 hrs ago #1
A boatload of small businesses with no way forward, are already talking with bankruptcy lawyers Brother Buzz 12 hrs ago #2
It's his best thing KentuckyWoman 10 hrs ago #4
Historically, there has been an 'economic recession' in the second year of every Presidential Administration, Tarzanrock 10 hrs ago #3
This is only the beginning... Fil1957 10 hrs ago #5
We're all now in an abusive relationship... littlemissmartypants 9 hrs ago #6
To be fair Greg_In_SF 9 hrs ago #7
Did they swallow Traitor's LIES & Vote Cha 9 hrs ago #8

Brother Buzz

(38,996 posts)
2. A boatload of small businesses with no way forward, are already talking with bankruptcy lawyers
Tue Jul 22, 2025, 09:43 PM
12 hrs ago

The marmalade shartcannon is hellbent on killing the economy

Tarzanrock

(1,218 posts)
3. Historically, there has been an 'economic recession' in the second year of every Presidential Administration,
Tue Jul 22, 2025, 10:59 PM
10 hrs ago

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

(28,470 posts)
6. We're all now in an abusive relationship...
Wed Jul 23, 2025, 12:16 AM
9 hrs ago

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

(385 posts)
7. To be fair
Wed Jul 23, 2025, 12:24 AM
9 hrs ago

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

(313,103 posts)
8. Did they swallow Traitor's LIES & Vote
Wed Jul 23, 2025, 12:29 AM
9 hrs ago

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

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