CEO Mary Barra put a price tag on what her company will pay.
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00:00General Motors is the first big company to put a price tag on President Trump's tariffs.
00:04In an interview with CNN, CEO Mary Barra said tariffs on imported cars would cost GM between
00:09$4 and $5 billion this year. However, in what will be welcome news to customers,
00:14she said that doesn't necessarily mean car prices are going up.
00:18In the interview, Barra said,
00:19We believe pricing is going to stay at about the same level as it is.
00:22Pricing changes in our industry at least monthly and sometimes more frequently.
00:26We're going to respond to the market.
00:28General Motors is facing several tariffs when it comes to importing cars and car parts.
00:32It makes about 1 million vehicles in Canada and Mexico, according to S&P Global Mobility.
00:37It also imported more than 400,000 vehicles from South Korea last year
00:40and imported car parts for roughly 2 million vehicles.
00:44GM is the largest of the American automakers,
00:46selling 2.7 million cars and trucks in the U.S. in 2024.
00:50That'll do it for your daily briefing.
00:51From New York City, I'm Kelsey Barberio with The Street.
00:58You, I recognize your wife,
01:02Lill descobrir laying in the U.S. infield,