Written By Lexx Thornton The largest American automaker is feeling the sting of tariffs. On Tuesday, General Motors reported a more than $1 billion drop in its second quarter profits compared to a year ago. The company attributes the fall in part to tariffs and says the worst impacts may still be ahead. President Donald Trump’s 25% tariffs on foreign-made vehicles and certain car parts remain in effect, and broader country-specific tariffs are scheduled to take effect on August 1st. So far, automakers have eaten the costs of tariffs. But that won’t last forever, says Sam Fiorani,the vice president at
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