Raw materials are getting pricier for General Motors, and a new car could soon cost you more, too.
Whirlpool to airlines like Delta and United.
Even though commodity prices have eased from recent highs, GM will still feel more of the impact in the second half of the year because it takes about three months for those high-priced commodities to work their way into the automaker’s supply chain, said Stevens.
The auto industry has warned that tariffs could drive up production costs and vehicle prices, resulting in job cuts. The Washington Post reported Wednesday that the Trump administration is considering a 25 percent tariff on $200 billion worth of foreign-made cars, but GM CEO Mary Barra told analysts on the call she could not speculate on the impact. The White House did not immediately respond to a request for comment.