U.S. automakers are set to get a break on some of the sweeping tariffs President Donald Trump is imposing. 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.

After negotiations, companies paying Trump’s car tariffs won’t also be charged for other levies.

UBS on Wednesday posted better than expected first-quarter net profit, but the Swiss bank warned of an uncertain outlook as U.S. tariffs raise global growth fears even as the market tumult drove up earnings in its trading activity.

The White House took aggressive aim at Amazon, which confirmed Tuesday it was considering displaying the added cost of President Donald Trump’s tariffs on certain items.

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President Donald Trump's budding friendship with Amazon founder Jeff Bezos hit a snag as the retailer considers how to respond to tariffs.