GM Q2 Profit Falls 35% as Trump Tariffs Add $1.1 Billion in Costs
General Motors said Tuesday its Q2 profit dropped 35% to $1.8 billion, as a result of $1.1 billion in additional costs tied to tariffs enacted under former President Donald Trump. The GM Q2 profit figure came in below last year’s $2.8 billion, though revenue held up at $47.1 billion, beating analyst expectations. The company cited … Read more