General Motors cut off imports of U.S.-made vehicles to China amid the trade war

General Motors Company (NYSE:GM) has halted exports of some U.S.-made vehicles to China as a result of trade tension. The Detroit automaker confirmed to dealers and employees working on the China export business of the decision at the end of last week.

General Motors (NYSE:GM) has been piling up losses with its Chinese joint ventures and has been one of the U.S. companies that has been the hardest hit by tariffs on parts imports.

“Due to significant changes to economic conditions, we have decided to restructure The Durant Guild and correspondingly optimize GM China’s operations,” read a statement from GM (GM).

The Durant Guild is General Motors’ (GM) premium import and lifestyle platform, created specifically for the Chinese market. Launched in 2022, the platform was designed to introduce and sell GM’s (GM) most iconic and elite vehicles such as the GMC Hummer EV, Chevrolet Tahoe, Silverado, Corvette, and Cadillac models to Chinese consumers.

Shares of General Motors (GM) slipped 0.5% in premarket trading to $49.80 vs. the 52-week range of $38.96 to $61.25.