As a presidential candidate, Donald Trump liked to call himself "tariff man." Now that he's back in the White House, he's living up to his self-given nickname. Trump has levied 10% tariffs on imports from China.
General Motors (GM) is at a turning point in an evolving automotive world as it continues to forge ahead in the electric vehicle (EV) race. According to Reuters, even with economic headwinds including a possible change in political winds for EV subsidies,
The automakers estimate tariffs on Mexico- and Canada-made metal would levy a multibillion-dollar cost on each of them every year they are in effect.
General Motors has spent billions over decades trying to blaze an electric trail, releasing pioneering EVs and hybrids that ultimately failed to achieve mass-market sales before being scrapped. This time might be different.
Donald Trump, a guy so nice America elected him twice, has made a complete goddamn mess of global auto manufacturing. Car companies around the world were counting on the U.S. to keep their operations in the green as intense competition in China and strict regulations in Europe made life harder for them.
We recently compiled a list of the Jim Cramer Shed Light on These 10 Stocks. In this article, we are going to take a look at where General Motors Company (NYSE:GM) stands against the other stocks Jim Cramer recently discussed.
Getting the hydrogen industry off the ground will depend on tax credits that could get cut under President Donald Trump and a Republican Congress.