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Yahoo
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Trump announces trade deal with Japan, including 15% tariff
WASHINGTON (Reuters) -U.S. President Donald Trump on Tuesday announced a trade deal with Japan that he said will result in Japan investing $550 billion into the United States and paying a 15% reciprocal tariff. In a post on Truth Social, Trump added that Japan will open to trade, including cars, trucks, rice and certain agricultural products.
Yahoo
4 minutes ago
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General Motors (GM) Stock Plunges Over 7% as Tariff Fears Eclipse Q2 Beat
July 22 - General Motors (NYSE:GM) shares dipped more than 7% on Tuesday as investors focused on growing tariff risks and softer revenue trends rather than the beat in Q2 results. Warning! GuruFocus has detected 2 Warning Sign with GM. General Motors (NYSE:GM) reported adjusted EPS of $2.53, topping analysts' $2.45 estimate, but revenue declined 1.8% year?on?year to $47.12 billion. The sales drop in key North American and China markets raised questions about demand resilience. The company held its full?year EPS guidance at $8.25$10, down from $11$12 earlier this year. That caution, coupled with fresh warnings that U.S. import duties could create a $4 billion, $5 billion headwind in Q3 and Q4, weighed on the shares. GM plans to offset roughly 30% of the tariff impact through factory shifts, targeted cost cuts, and price adjustments, but investors remain skeptical those measures will fully protect margins. CEO Mary Barra highlighted in the shareholder letter that GM is positioning itself to adapt to new trade and tax policies and a rapidly evolving technology environment. Still, longer production lead times and higher component costs under current trade tensions could further pressure profitability. Beyond tariffs, GM's push into electric vehicles and software services, key for future growth, requires continued heavy investment. The automaker expects to launch several new EV models through 2025, but higher R&D and capital spending may keep earnings under pressure. For now, concerns over trade costs and slowing top?line growth have overshadowed the company's quarterly beat and cast doubt on near?term margin stability. This article first appeared on GuruFocus.


Bloomberg
6 minutes ago
- Bloomberg
Trump Says Japan Deal Reached With Tariff Rate Set at 15%
President Donald Trump said the US has reached a trade deal with Japan, which sets a 15% tariff on imported goods from Japan. 'We just completed a massive Deal with Japan, perhaps the largest Deal ever made,' Trump wrote in a post on Truth Social. The yen rose on the news.