For GM specifically, Barclays expects the automaker will cease imports out of Korea and China of about 450,000 vehicles because of tariffs.
Barclays is cutting its 2025 GM earnings before interest and taxes estimates by 40% based on lower volume and the gross tariff impact of about $9.5 billion. For its crosstown competitor Ford Motor (F.N), opens new tab, Barclays expects a 60% reduction with a gross tariff impact of about $7 billion. Ford ships its Lincoln Nautilus from China.