US Stock Market News | General Motors (GM.US) fell by 7.7% at one point, the Chief Financial Officer estimates that this year's tariffs could have a maximum impact of $5 billion.

According to the Zhitong Financial APP, on Tuesday, the stock price of General Motors (GM.US) fell, dropping by 7.7% at one point. As of the time of publication, the stock price decrease narrowed to 6.78%, closing at $49.59. The company's Chief Financial Officer Paul Jacobson stated that they expect the impact of tariffs this year to be as high as $5 billion. He said, "The company expects that with the emergence of bilateral trade agreements and the implementation of adjustments in procurement and production, tariff costs will eventually decrease. We have made substantial progress in mitigating the impact and plan to offset at least 30% of the impact through manufacturing adjustments, targeted cost measures, and continued pricing."