General Motors’ net income shrank 35% in the second quarter despite strong sales gains as President Trump’s automotive tariffs weighed on the largest automaker in the U.S. Despite the drop in profit, GM’s results exceeded Wall Street estimates for revenue and adjusted operating income. The company maintained its previous profit guidance for 2025.In a letter to shareholders, Chief Executive Mary Barra said GM is "positioning the business for a profitable, long-term future as we adapt to new trade and tax pol ...