The American auto manufacturer’s net income fell by 35%, the company said in its second quarter earnings call.

GM said earnings in the second quarter reflect a more than $1 billion hit from President Donald Trump's tariffs.

General Motors' second-quarter earnings took a $1.1-billion hit from tariffs, but the automaker still beat analyst expectations for the period on Tuesday, supported by strong sales of its core gasoline trucks and SUVs.

General Motors Co. said it suffered a $1.1 billion profit hit from Donald Trump’s tariffs and revealed no plan for a near-term fix to return to pre-tariff profit levels.

General Motors and other U.S. companies give updates on how much President Trump’s tariffs are impacting them.

General Motors' second-quarter core profit fell 32% to $3 billion on Tuesday, as the automaker continued to confront challenging tariff policies, which it said sapped $1.1 billion from the results.The automaker's revenue in the quarter ended June 30 fell nearly 2% to about $47 billion from a year ago.

General Motors said tariffs slashed its second-quarter income by more than $1 billion, and other companies pointed to import duties to explain smaller profits.

General Motors is the latest company to record a hit from the president’s trade war. But so far, investors remain upbeat.

The American automaker reported that tariffs cost them $1.1 billion and reduced the company's profit margin from 9% to 6.1%.