General Motors Co. brought in $3 billion in adjusted pre-tax earnings between April and June, the company announced Tuesday.

GM said earnings in the second quarter reflect a more than $1 billion hit from President Donald Trump's tariffs, "reflecting minimal mitigation offsets." For comparison, GM earned close to $3.5 billion in the first three months of the year.

The latest earnings data show GM’s resilience in the face of tariff whiplash and changing federal policies, CEO Mary Barra said in a letter to shareholders Tuesday.

"In addition to our strong underlying operating performance, we are positioning the business for a profitable, long-term future as we adapt to new trade and tax policies, and a rapidly evolving tech landscape," Barra wrote.

GM said it's on track to meet lowered projected earnings of $10 billion to $12.5 billion this year.

GM leaders had warned that pain from tariffs would start to hit between April and June, before the company’s efforts to offset tariff costs fully kick in. The company in May lowered its yearly earnings guidance from an adjusted EBIT between $13.7 billion and $15.7 billion because of tariffs.

But GM’s U.S. sales remained strong in the first half of the year, helped in part by buyers trying to get ahead of possible tariff-related price hikes.

GM now is saying the next three months will show a larger net tariff impact "due to timing of indirect tariff costs."

“Despite the unfavorable manufacturing footprint position relative to Ford, the company has managed inventory and cost with strong discipline,” Deutsche Bank analysts said in a Monday report. “We believe share repurchase, which has been a vital part of the investment thesis in the not-too distant past, will resume in 3Q though perhaps in more moderate and less ‘flashy’ ways.”

GM is the first of Detroit's three automakers to release data on its latest profits.

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