GM Slides 7% After Beating Q2 Earnings Despite $1 Billion Tariff Hit, Warns of Steeper Impact Ahead General Motors reported second-quarter earnings that surpassed analyst expectations, even as the automaker absorbed a $1.1 billion hit from tariffs – but it also warned about a coming steeper impact from tariffs moving into the second half of the year. Strong U.S. demand for gasoline-powered trucks and SUVs helped bolster results, but the company warned tariff headwinds will intensify in the third quarter, according to Reuters and the company earnings report. GM maintained its estimate that tariffs could cost between $4 billion and… — Continue at ZeroHedge News : Read More
