By Christoph Steitz, Marie Mannes, Kalea Hall, Lisa Baertlein FRANKFURT/STOCKHOLM/DETROIT/LOS ANGELES (Reuters) -The fallout from U.S. President Donald Trump's trade war reverberated further through the corporate world on Tuesday,

The tariffs imposed by President Trump continue to have ripple effects across the globe as major companies announce business shifts.

U.S. automakers are set to get a break on some of the sweeping tariffs President Donald Trump is imposing. Yet even with the new waivers, the outlook for America's longest-lived carmakers remains cloudy, with General Motors saying Tuesday it was "reassessing" its earnings guidance in light of the uncertainty over the tariffs impact.

General Motors cheered on President Donald Trump for working with the company to refine auto tariffs, but warned that sustained protectionist policies could “significantly” hurt the industry down the road.

General Motors Co. is pulling earnings guidance for 2025 and putting $4 billion in share buybacks on hold until it has more clarity on the impact of US tariffs.

General Motors reported first-quarter results before market open Tuesday but has postponed its call with analysts until Thursday.

General Motors (GM) said it was pulling its earnings guidance for the year and reporting lower-first quarter earnings from a year ago. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 President Trump’s auto tariffs have clouded the outlook and its prior forecast “can’t be relied upon,