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Yo_Mama_Been_Loggin

(126,214 posts)
Tue Jul 22, 2025, 09:31 PM Tuesday

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

Brother Buzz

(38,998 posts)
2. A boatload of small businesses with no way forward, are already talking with bankruptcy lawyers
Tue Jul 22, 2025, 09:43 PM
Tuesday

The marmalade shartcannon is hellbent on killing the economy

Tarzanrock

(1,226 posts)
3. Historically, there has been an 'economic recession' in the second year of every Presidential Administration,
Tue Jul 22, 2025, 10:59 PM
Tuesday

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

(28,487 posts)
6. We're all now in an abusive relationship...
Wed Jul 23, 2025, 12:16 AM
Yesterday

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

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

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

(313,133 posts)
8. Did they swallow Traitor's LIES & Vote
Wed Jul 23, 2025, 12:29 AM
Yesterday

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

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