Following President Trump’s imposition of 25% tariffs on imported automobiles and auto parts, General Motors now anticipates significantly lower earnings.

On Thursday, General Motors reported that the tariffs imposed by the government of Donald Trump will raise its expenses by $4 billion to $5 billion this year, and it lowered its profit projection for 2025 by more than 20%.

During a conference call with investors, G.M. officials stated that the company’s previous projection of $11.2 billion to $12.5 billion for this year had been lowered to $8.2 billion to $10.1 billion.

Before Trump’s tariffs messed everything up, the biggest automaker in the country was anticipating a rather strong year of profits. According to The New York Times, GM withdrew their estimate earlier this week, stating that any profit forecast at this time would be “a guess.” In order to evaluate the effects of the most recent surprise from the White House, the company also rescheduled its conference call with financial analysts to announce its first-quarter results by a few days.

Trump signed a fresh executive order on Tuesday, reversing some of the auto tariffs he had said weeks earlier would spur American production. Car manufacturers will no longer be required to pay additional taxes, such as those on steel, aluminum, or specific imports from Canada and Mexico if they pay a 25 percent duty on auto imports. However, as drafted, the regulations don’t seem to shield automakers from steel and aluminum tariffs that their suppliers pay and then impose on them.

According to analysts, the tariffs will be a car industry apocalypse, causing sticker prices to rise by up to $10,000. As a result, a lot of anxious customers have hurried to their neighborhood dealerships to buy while the prices are still low. According to J.D. Power, 139,000 expedited purchases from purchasers attempting to lock in pricing are expected to generate a 10.5 percent year-over-year increase in new car sales in April. According to a Car Dealership Guy study, however, that is already beginning to change as automakers pledged greater price consistency during the summer.

However, Barra’s letter says nothing about cratering demand, panic buying, or price increases. She expresses hope that Trump will compromise on tariffs, as he has shown time and time again in recent weeks. And at the moment, that’s about all she can do.