Reuters is tracking how companies are responding to the threat posed by <a href=" target="_blank" rel="noopener noreferrer nofollow">U.S. President Donald Trump’s tariffs to their operations.

Who’s paying for Donald Trump’s tariffs? So far, American businesses and consumers. General Motors Co. was the latest US company to disclose how the levies are raising costs, with the automaker saying Tuesday that the duties dented profits by more than $1 billion as it chose to absorb the blow.

Trump said the U.S. will impose a 15% tariff on Japanese imports under the agreement, which he hailed as "maybe the largest deal in history."

President Trump said he struck a trade deal with Japan that calls for 15% tariffs on goods imported to the U.S.

General Motors had a $1 billion hit over three months due to President Donald Trump's sweeping tariffs that have shaken the auto industry. GM reported a net income of $1.9 billion for the second quarter of 2025,

General Motors Co. said it suffered a $1.1 billion profit hit from Donald Trump’s tariffs and revealed no plan for a near-term fix to return to pre-tariff profit levels.