Another clear evidence that tariffs disrupt the coordination of American companies: General Motors withdraws performance guidance and freezes stock buybacks.

General Motors has withdrawn its 2025 profit guidance and suspended its $4 billion stock buyback plan until a clearer assessment of the impact of U.S. tariffs is made. The company's decision to withdraw forecasts and partially suspend stock buybacks underscores the disruption of American companies' business plans by President Trump's trade policies. As the need to address additional burdens of import tariffs and retaliatory measures from U.S. trading partners increases, more and more American companies are withdrawing profit forecasts. "Because the initial guidance did not include the impact of tariffs, the previous guidance cannot be used as a basis," said the company's Chief Financial Officer Paul Jacobson in a conference call with reporters. "We will update the guidance based on more information about tariffs."