General Motors has become the highest-profile U.S. company to fall victim to Trump's trade wars by cutting its profit forecast for this year on surging steel and aluminum prices. Shares were on course for their steepest one-day plunge in 7+ years.

General Motors has become the highest-profile U.S. company to fall victim to Trump's trade wars by cutting its profit forecast for this year on surging steel and aluminum prices.

Shares were on course for their steepest one-day plunge in 7+ years. https://t.co/85ZzzjNLgQ

— Kyle Griffin (@kylegriffin1) July 26, 2018