Close Menu
    What's Hot

    The Water Hazard Is the ‘It’ Drink on Golf Courses This Summer

    August 23, 2025

    Decentralized Science Protocols Take Over, BIO Skyrockets 27% Overnight

    August 23, 2025

    I’m an Airbnb Host in Las Vegas, and I’m Battling a Tourism Downturn

    August 23, 2025
    Facebook X (Twitter) Instagram
    Hot Paths
    • Home
    • News
    • Politics
    • Money
    • Personal Finance
    • Business
    • Economy
    • Investing
    • Markets
      • Stocks
      • Futures & Commodities
      • Crypto
      • Forex
    • Technology
    Facebook X (Twitter) Instagram
    Hot Paths
    Home»Money»Automakers Are Revealing How Much Trump’s Tariffs Are Costing Them
    Money

    Automakers Are Revealing How Much Trump’s Tariffs Are Costing Them

    Press RoomBy Press RoomJuly 29, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The auto industry is still trying to unravel a tangled tariff web, and the bill just keeps getting bigger.

    Jeep and Ram owner Stellantis became the latest automaker to forecast a heavy hit from Trump’s tariffs on imported vehicles on Tuesday.

    The Chrysler maker said that it expected tariffs to cost it around €1.2 billion ($1.4 billion) in the second half of this year, after a €300 million impact in the first half of 2025.

    Stellantis, which builds Chrysler, Dodge, and Jeep models in its factories in Canada and Mexico, has been hit hard by the Trump administration’s 25% tariff on vehicles and car parts imported into the US.

    Other automakers are also feeling the pain. General Motors, which builds models for the US market in Korea, Mexico, and Canada, said last week that the tariffs had cut $1.1 billion off its profits in the last quarter.

    CEO Mary Barra said that GM was working to reduce its tariff exposure and build up its US manufacturing presence, but the company warned that the worst was still to come. GM estimated that the tariffs could cost it between $4 and $5 billion this year.

    Trump’s recent trade deals have slashed the tariffs on importing cars from Japan and Europe to the US from 25% to 15%, but manufacturers still have to deal with a hodgepodge of import restrictions and fees.

    Related stories

    Business Insider tells the innovative stories you want to know

    Business Insider tells the innovative stories you want to know

    The 25% tax on automobile parts means that even carmakers who build their cars in the US face a serious tariff headache.

    Tesla, which has factories in California and Texas but still uses some imported components, told investors last week it incurred a tariff-related cost of $300 million in the previous quarter, with CFO Vaibhav Taneja warning that costs are likely to increase in the coming months.

    European manufacturer VW also said last week it had suffered a $1.1 billion tariff-related hit in the first half of this year, while Swedish carmaker Volvo took a $1.2 billion impairment charge in part due to the escalating cost of the levies.

    Experts and analysts have warned that many of the costs facing automakers will be passed on to US consumers in the form of higher car prices and fewer models.

    A study by the Center for Automotive Research published in April found that the 25% tariffs on imported cars and auto parts would hike the cost of vehicles produced in the US by over $4,000 and imported vehicles by nearly $9,000.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Press Room

    Related Posts

    The Water Hazard Is the ‘It’ Drink on Golf Courses This Summer

    August 23, 2025

    I’m an Airbnb Host in Las Vegas, and I’m Battling a Tourism Downturn

    August 23, 2025

    Microsoft Great Flattening: Why a Veteran Employee Resigned

    August 23, 2025
    Leave A Reply Cancel Reply

    LATEST NEWS

    The Water Hazard Is the ‘It’ Drink on Golf Courses This Summer

    August 23, 2025

    Decentralized Science Protocols Take Over, BIO Skyrockets 27% Overnight

    August 23, 2025

    I’m an Airbnb Host in Las Vegas, and I’m Battling a Tourism Downturn

    August 23, 2025

    Taiwan Charges 14 in Record-Breaking $75M Crypto Laundering Case Using CoinW Exchange

    August 23, 2025
    POPULAR
    Business

    The Business of Formula One

    May 27, 2023
    Business

    Weddings and divorce: the scourge of investment returns

    May 27, 2023
    Business

    How F1 found a secret fuel to accelerate media rights growth

    May 27, 2023
    Advertisement
    Load WordPress Sites in as fast as 37ms!

    Archives

    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • May 2023

    Categories

    • Business
    • Crypto
    • Economy
    • Forex
    • Futures & Commodities
    • Investing
    • Market Data
    • Money
    • News
    • Personal Finance
    • Politics
    • Stocks
    • Technology

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Buy Now
    © 2025 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.