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’ new guidance includes a $4 billion to $5 billion headwind from President Donald Trump’s automotive tariffs.

General Motors on Thursday slashed its full-year forecast as its CEO Mary Barra warned of “a current tariff exposure of $4 billion [to] $5 billion.” The company, which owns brands including Chevrolet,