General Motors (GM) experienced a significant stock drop of over 7% following the release of its second-quarter earnings report. The company cited $1.1 billion in tariff-related costs as a primary factor impacting profitability, despite efforts to mitigate the financial impact. The tariff hit underscores the continued challenges faced by automakers navigating global trade tensions and supply chain disruptions. Investors reacted negatively to the news, contributing to the sharp decline in GM's stock price.