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GM Stock Falls After It Reports a $1.1 Billion Hit From Tariffs Barron'sCar makers are feeling tariff pain: GM is the 2nd company to take a hit to profits NPRGM quarterly profit slumps 35%, but it sticks by full year outlook that was lowered in May AP NewsGM says Trump tariffs knocked $1.1bn off its operating income last quarter theguardian.com
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General Motors reported second-quarter earnings that beat Wall Street's estimates, despite ongoing uncertainty from President Donald Trump's auto tariffs.
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The American automaker reported that tariffs cost them $1.1 billion and reduced the company's profit margin from 9% to 6.1%.
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General Motors was the second auto company this week, after Stellantis, to show the toll that President Trump's trade policies are taking on the industry.
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