A General Motors Co. assembly plant in Canada that makes pickup trucks mostly for export to the US will cut down to two shifts from three because of the trade war.

General Motors' Oshawa Assembly plant in Canada, which builds pickup trucks, will cut back to a two-shift schedule from three due to softening demand and trade-related challenges, the company and the union representing workers said on Friday.

General Motors (GM) and Ford (F) say consumers shouldn’t expect immediate price hikes on cars, even as the companies brace for the financial hit from President Trump’s newly clarified tariffs on imported autos and parts.

The Trump administration’s tariffs on imported cars and auto parts will cost General Motors between $4 billion and $5 billion this year, as the nation’s largest automaker slashed its earnings projections.

General Motors says it stands to lose up to $5 billion this year due to tariff-related costs. On April 3, President Donald Trump implemented 25% tariffs on imported vehicles and auto parts as a way to protect national security and force manufacturers to bring jobs back to the U.

General Motors cut its 2025 profit forecast on Thursday after receiving some clarity and a reprieve from the White House this week on automotive tariffs. CEO Mary Barra told shareholders in a letter that the company would maintain dialogue with the Trump administration on trade and other policies as they evolve.

General Motors Co. cut its full-year profit outlook due to as much as $5 billion of exposure to auto tariffs, among the biggest financial hits revealed by any company so far from President Donald Trump’s trade war.