General Motors said July 22 that tariffs could eventually cost the company $5 billion before the end of the year.

General Motors (NYSE:GM) reported adjusted EPS of $2.53, topping analysts' $2.45 estimate, but revenue declined 1.8% year?on?year to $47.12 billion. The sales drop in key North American and China markets raised questions about demand resilience.

General Motors has reported a sharp drop in profits as it took a $1.1bn hit in Q2 due to the impact of trade tariffs. It said the net impact reflected ‘minimal mitigation offsets’. Net income was down by over a third on last year at $1.

General Motors’ net income has taken a massive 35% hit – amounting to $1.1 billion – thanks to additional costs and uncertainty within the auto industry regarding the Trump Administration’s tariffs. According to GM’s second-quarter earnings report,

GM stock value fell sharply on Tuesday following the release of the automaker's Q2 2025 earnings report, revealing a hefty 35.4-percent decline in net income.

GM’s stock dropped more than 7% after carmaker reported$1.1 billion in tariff costs in the second quarter, despite mitigation efforts.

General Motors posted revenues of $47.12 billion, down 2% year-on-year, but significantly higher than Street expectations of $45.84 billion.

General Motors (NYSE:GM) faces tariff pressures despite solid mitigation efforts, impacting profits and shares. Learn how trade risks shape GM's outlook.

GM Q2 earnings report shows a $1.1 billion hit from tariffs as the automaker leaned on full-size truck and SUVs to limit exposure to their impact. 2025 GMC Q2 earnings GM CEO Mary Barra’s letter to shareholders highlights their vehicles appeal to consumers,

General Motors has beaten analyst estimates for both earnings per share and revenue in more than 10 straight quarters. Will the streak continue?