General Motors is the latest U.S. auto giant to say tariffs have taken a chunk from their earnings. The company beat earnings expectations on Tuesday, but reported a decline in second-quarter profits, including a $1.1 billion hit as a result of hefty import taxes.

Despite the setback, GM’s leadership remains optimistic, forecasting continued growth, particularly in the electric vehicle segment. CEO Mary Barra and CFO Paul Jacobson acknowledged that the tariffs had a significant impact on profitability,

Washington’s NFL franchise used to be in the news all the time for reasons other than football. That seemed to have changed under new team ownership, but President Donald Trump’s remarks about the team name and possibly holding up a stadium deal are making waves just as training camp opens.

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

The president's trade policies are wreaking havoc on the American auto industry. Another automaker, Stellantis, also reported losses this week.