General Motors' second-quarter core profit fell 32% to $3 billion on Tuesday, as the automaker continued to confront challenging tariff policies, which it said sapped $1.1 billion from the results.

General Motors reported a sharp drop in second-quarter earnings, revealing that tariffs imposed under US President Donald Trump’s administration carved $1.1 billion from its bottom line. Despite the substantial impact,

General Motors (GM) said Tuesday that President Trump’s tariffs cost the company $1.1 billion in the second quarter, contributing to an overall decline of 35 percent in profit. But the company still outperformed Wall Street’s estimates and stood by its full-year financial outlook,