Trump's tariffs were supposed to help manufacturers. But instead, they're hurting 1 / 5 Trump's tariffs were supposed to help manufacturers. But instead, they're hurting [Yahoo! Finance Ca...
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Source: Yahoo! Finance Canada
But the tariffs at the core of Trump's economic agenda have wreaked havoc on his company, Allen Engineering Corp., which makes industrial equipment used to install, finish and pave concrete. The import taxes have raised the costs of engines, steel, gearboxes and clutches made abroad that Allen needs to build power trowels that can sell for up to $100,000 each. Allen's experience embodies a growing body of evidence that the tariffs that Trump said would help American factories are, in fact, squashing many of them. The problem could get worse as the administration scrambles to craft new tariffs to replace the emergency import taxes that the Supreme Court ruled illegal in February Allen said he ran his company at a loss in 2025 because of tariffs. His payroll has fallen to 140 workers from a peak of 205. To get by this year, he has hiked prices by 8% to 10%, even though that might mean fewer sales. “What's really sad is the unintended consequences of his tariffs are hurting manufa
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News
- The great EV pullback: all the obstacles, cancellations, and delays [Verge, The]Verge, The
- Trump's tariffs are hurting American manufacturers instead of helping them [BNN Bloomberg (Canada)]BNN Bloomberg
- The fuel shortages of the ‘70s were crazy. Will we be running on empty again? [Los Angeles Times (CA)]Los Angeles Times
- Trump's Tariffs Are Costing Automakers Billions [Yahoo! Finance]Yahoo! Finance
- Tesla, LG Energy Solutions partner to launch battery cell manufacturing plant in Lansing [CBS News]CBS News
GM
Earnings
- 1/27/26 - Beat
GM
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- 2/18/26 - Form 4
- 2/17/26 - Form 144
- 2/10/26 - Form 4
- GM's page on the SEC website