US EditionMilitary stores prepare for tariffs, aiming to keep costs down
- In early 2024, approximately 52% of GM vehicles sold in the U.S. Were assembled domestically, compared to 57% for Stellantis and 78% for Ford.
- President Donald Trump's administration announced tariffs, including 25% on cars not made in the U.S., leading to concerns about the impact on automakers, especially those relying on imports.
- GM's reliance on production in Mexico and South Korea, where they assemble some small crossovers like the Equinox and Blazer, makes them relatively exposed to these tariffs, while analysts suggest Tesla and Ford are more shielded.
- Bank of America analyst John Murphy stated that GM is "relatively exposed to the tariffs," and Wolfe Research's Emmanuel Rosner noted that the tariffs primarily affect foreign-brand automakers.
- Military stores and customers are anticipated to be affected by the tariffs, with exchange officials expecting 10% to 20% tariffs on categories like computers, sporting goods, and alcohol, while military stores are working with suppliers to mitigate the impact and evaluate options to minimize cost increases.
12 Articles
12 Articles
Military Times
Military stores prepare for tariffs, aiming to keep costs down
Military store officials are watching closely to see what effects tariffs may have on their stores and customers, and they’re trying to minimize extra costs.Officials with military exchanges expect tariffs to affect their stores, including the availability and cost of certain items. In some cases, suppliers have been stockpiling inventory ahead of time as they wait to see the impact.President Donald Trump has imposed tariffs on products coming i…
JPMorgan drops its price targets for Ford, GM, and Ferrari as Trump's 'draconian' tariffs loom
General Motors’ (GM), Ford Motor’s (F), and Ferrari’s (RACE) earnings are likelier than ever to take a hit, as President Donald Trump’s “draconian” tariffs and anti-electric vehicle policies hang over the automakers, according to JPMorgan (JPM) analysts. Read more...
Tariffs, rising utility costs could impact GMS building budget
Reports of rising tariffs and utility costs are beginning to impact the cost of the new Galvin Middle School building project as planners and town officials are creating what School Superintendent Derek Folan is calling “healthy contingencies” into the budget, mindful of the expected rising costs of building materials. Folan, along with planners from Ai3 Architects, Leftfield project management and Consigli Construction, continue to meet daily t…
Coverage Details
Bias Distribution
- 100% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
