General Motors slashes earnings forecast due to tariff impacts

In the United States, uncertainty looms over financial results and forecasts as companies adapt to significant changes in trade policy. General Motors announced it will be reassessing its full-year outlook due to the implications of President Donald Trump's tariffs. The automaker revised its earnings guidance, anticipating adjusted earnings before interest and taxes of $10 billion to $12.5 billion, a decrease from the previous projection of $13.7 billion to $15.7 billion. The recalibrated forecast considers an impact from tariffs estimated between $4 billion to $5 billion. Meanwhile, Harley-Davidson retracted its financial outlook for the year, citing economic and tariff uncertainties, as nearly 70% of its revenue comes from the domestic market, putting it at risk for retaliatory tariffs from other nations. Similarly, Hershey expected tariff-related expenses between $15 million and $20 million in the upcoming quarter amidst ongoing cocoa supply challenges. Finally, Church & Dwight reduced its yearly forecasts due to tariffs and potential consumer spending slowdowns, projecting modest earnings growth rather than the previously anticipated increase of up to 8%. This trend emphasizes the significant and widespread economic implications that tariffs are having on both large and small companies as they navigate the unpredictable global trade landscape.