General Motors posted strong financial results for its first quarter, but says it will reassess its expectations for 2025 due to new auto tariffs.

The automaker is pushing back its conference call to discuss its guidance and quarterly results until today, so that it can assess potential tariff changes.

GM said that its initial full-year financial forecast doesn’t contemplate the potential impact of tariffs. In January, the company announced that it anticipated 2025 adjusted earnings in a range of $11 to $12 per share.

White House press secretary Karoline Leavitt said Tuesday morning that President Donald Trump would sign an executive order relaxing some of his tariffs on cars and auto parts, though Treasury Secretary Scott Bessent said the goal remained enabling automakers to create more domestic manufacturing jobs.

Bessent added that Trump is concerned with “jobs of the future, not of the past.”

Industry groups have urged the White House to scrap plans for tariffs on imported auto parts, warning that doing so would raise prices on cars and could trigger “layoffs and bankruptcy.”

General Motors earned $2.78 billion, or $3.35 per share, for the three months ended March 31. A year earlier it earned $2.98 billion, or $2.56 per share.

Removing one-time charges and benefits, GM earned $2.78 per share, topping the $2.68 per share Wall Street had expected, according to a survey by FactSet.

Revenue climbed to $44.02 billion from $43.01 billion.