Overview

• General Motors forecasts $4–5 billion in annual tariff costs, reducing its 2025 EBIT outlook to $10–12.5 billion from a prior estimate of up to $15.7 billion.
• Harley-Davidson withdraws its full-year 2025 financial guidance, citing uncertain global tariff environments and challenging macroeconomic conditions.
• McDonald’s reports a 3% drop in global revenue for Q1 2025, with U.S. comparable sales declining by 3.6% due to weakened consumer confidence.
• Companies, including Harley-Davidson, are implementing cost-productivity measures, supply-chain adjustments, and inventory reductions to mitigate tariff impacts.
• The Federal Reserve and global markets warn of heightened volatility, while potential EU retaliatory tariffs add further uncertainty for U.S. exporters.