General Motors and other U.S. companies give updates on how much President Trump’s tariffs are impacting them.

Wall Street inched to another record after some mixed profit reports, as General Motors and other big U.S. companies gave updates on how much President Trump's tariffs are hurting or helping them

Wall Street inched to another record on Tuesday following some mixed profit reports, as General Motors and other big U.S. companies gave updates on how much President Donald Trump's tariffs are hurting or helping them.

Blunt was similarly critical in May after Trump announced a trade deal with the United Kingdom. Under the terms of that deal, the first 100,000 vehicles imported from UK manufacturers each year will be subject to a 10% tariff. Any additional cars each year would be subject to the higher 25% rate.

The agreement will impose tariffs of 15 percent on Japanese goods, down from a threatened 25 percent. Trump said Japan would also invest $550 billion in the U.S.

President Donald Trump announced a trade agreement with Japan on Tuesday, making it the largest U.S. trade partner to broker an accord as the White House threatens to impose tariffs on dozens of countries within days.