1239 ET - Bernstein says the move by the Trump administration to soften auto tariffs seems to have caught General Motors off-guard, and that's a problem. The analysts say GM apparently decided to buy itself some time by postponing its earnings call to Thursday. "GM seems to have been unaware of the administrations plans and/or timeline. This worries us immensely, as without a strong collaboration between the administration and the most important automotive companies in the U.S. the risk of misaligned policies and adverse effects remains very high," Bernstein says. The analysts believe the Trump pivot on auto tariffs offers short-term relief, but they say structural risks remain. "U.S. car prices are heading higher just as economic momentum fades," they say. (patrick.sheridan@wsj.com)
(END) Dow Jones Newswires
April 29, 2025 12:39 ET (16:39 GMT)
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