General Motors reported second-quarter earnings Tuesday that beat Wall Street’s estimates, despite ongoing uncertainty from President Donald Trump’s auto tariffs. The automaker affirmed its full-year guidance, which it had lowered in May to include a possible $4 billion to $5 billion impact from auto tariffs. The company’s core profit fell 31.6%, to $3.04 billion.
General Motors reported second-quarter earnings Tuesday that beat Wall Street’s estimates and affirmed its full-year guidance, despite ongoing uncertainty from President Donald Trump‘s auto tariffs.
Shares of the company fell 8%.
While automakers have been hoping for relief on tariffs, Trump’s 25% levies on imported vehicles and many auto parts remain in effect.
In May, the automaker lowered its full-year guidance to include a possible $4 billion to $5 billion impact from auto tariffs. It affirmed that guidance