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The markets reacted positively to President Trump’s announcement of a 90-day pause on reciprocal tariffs for most countries, coupled with a base 10% tariff on goods, but automakers like General Motors (GM) were excluded from tariff relief, facing a looming 25% tariff on vehicle imports and parts. GM has been aggressively buying back shares, announcing $16 billion in buybacks from 2023 to 2025, but the new tariffs could force it to reconsider this strategy, as it relies heavily on imports. Analysts estimate GM’s total tariff exposure may reach $14 billion, prompting concerns about its financial flexibility and future share buybacks.
