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.

"The industry and the entire economy is in for pain," leading analyst says of Trump's orders, signed as he appeared in Michigan.

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’ Q1 earnings call was scheduled to take place on Tuesday, but the auto giant announced it would be postponed until Thursday, "based on recent reports regarding updates to trade policy.” The White House announced Tuesday afternoon an executive order that provides some tweaks on the 25% tariffs on imported vehicles and auto parts.