Will Trump's tariffs lead to more revenue to cover tax cuts? 03:07. President Trump describes his administration's sweeping new tariffs on other countries as a tool for accomplish

The Trump administration’s tariffs on imported cars and auto parts will cost General Motors between $4 billion and $5 billion this year, according to a GM letter to shareholders. CNN’s Erin Burnett interviews GM CEO Mary Barra about the impact of Trump’s tariffs.

President Donald Trump is providing some relief to automakers reeling from his steep 25% tariffs imposed on foreign cars and auto parts. Trump, under a proclamation he signed April 29, is offering auto companies credits for a portion of the tariffs on auto parts that they import to build vehicles in the U.