General Motors and Stellantis, two of the Big Three U.S. automakers, reported billions of dollars in economic losses this week after President Donald Trump’s auto tariffs took effect.

General Motors announced on Tuesday that its profit dropped to $1.9 billion in the second quarter, down from $2.9 billion this time last year. Stellantis announced its results the day before, saying it lost $2.7 billion in the first half of the year due to Trump’s tariffs.