Trump Tariffs Cost US, Global Automakers Over $10 Billion in 2025
Trump Tariffs Cost US, Global Automakers Over $10 Billion in 2025

Trump Tariffs Cost US, Global Automakers Over $10 Billion in 2025

News summary

President Donald Trump's 25% tariffs on imported vehicles and auto parts have inflicted significant financial damage on major automakers in 2025, with Ford, General Motors, Stellantis, Tesla, Volkswagen, and Volvo collectively facing billions in costs. Ford reported a £604 million loss in Q2 alone, revising its annual tariff impact to £2.2 billion and lowering its earnings guidance, while General Motors recorded a $1.1 billion hit in Q2 and anticipates $4–5 billion in total tariff costs for the year. Stellantis projected a €1.2 billion loss in the second half of 2025, contributing to a net loss of $2.68 billion in the first half. These tariffs have compressed profit margins, disrupted supply chains, and forced automakers to consider strategic recalibrations, including expanding domestic manufacturing and managing regionalization amid ongoing inflationary pressures. The tariffs also led to job cuts, such as the closure of a Detroit Axle warehouse impacting 102 employees, highlighting broader economic consequences. Despite some tariff relief for Japanese imports, U.S. companies argue the uneven application creates competitive disadvantages, potentially reshaping market dynamics and vehicle pricing.

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