GM Slashes Guidance With Up to $5 Billion Hit From Tariffs (2)

General Motors Co. cut its full-year profit outlook due to as much as $5 billion of exposure to auto tariffs, among the biggest financial hits revealed by any company so far from President Donald Trump’s trade war.

The automaker now expects earnings before interest and taxes to fall into a range of $10 billion to $12.5 billion, down from its initial guidance in January of as much as $15.7 billion.

Mary Barra, chief executive officer of General Motors.

Photographer: Tierney L. Cross/Bloomberg

Trump earlier this week issued what he’s characterized as relief for automakers by lowering some levies on imported vehicles and parts. Even so, GM expects a hit to ...