General Motors (GM) reported a staggering $1.1 billion hit to its profits attributed to Trump administration tariffs, contributing to a 35% decline in quarterly earnings. This marks GM as the second auto manufacturer to feel the painful impact of these import taxes, reinforcing claims that American consumers are shouldering the financial consequences. Despite the tariff-related challenges, GM aims to remain agile and continues to prioritize electric vehicle (EV) sales, which have reportedly doubled. The company has warned that the total cost from tariffs could escalate to $5 billion by year-end, raising concerns about its financial outlook. GM remains committed to its forecasts, despite investor worry reflected in falling stock prices.