Trump's tariffs have led to a significant increase in costs of $1.1 billion, and General Motors' Q2 profits have plummeted by 35%.

Wisdom Finance APP learned that General Motors (GM.US) announced its second quarter financial report before the market opening on Tuesday, Eastern Time. Due to the tariff policies implemented by U.S. President Donald Trump, its adjusted earnings decreased by 1.1 billion US dollars and quarterly profits declined. The report showed that Q2 revenue was 47.1 billion US dollars, higher than the market's general expectation of 45.81 billion US dollars, but a decrease of 1.8% from the same period last year, which was 48 billion US dollars. Adjusted earnings per share were 2.53 US dollars, higher than the market's general expectation of 2.33 US dollars according to Bloomberg's survey, but lower than the 3.06 US dollars from the same period last year.