Study finds Trump's 25% auto tariffs could cost US automakers $108 billion
- The Trump administration's tariffs of 25% on auto imports could cost the auto industry over $108 billion.
- The tariffs stemmed from the Trump administration's trade war with China and a focus on domestic production.
- Detroit-Based automakers, GM, F, and STLA, face nearly $42 billion in costs, and STLA reduced production in Canada and Mexico.
- Shawn Fain, UAW President, supports tariffs to end the "race to the bottom" in the auto industry, stating, "We support some use of tariffs."
- Dealerships express uncertainty, anticipating potential price increases and shifts in manufacturing to bypass U.S. Tariffs, while consumers should research.
94 Articles
94 Articles
New plan to save UK car industry to be in Government's industrial strategy
Keir Starmer’s upcoming industrial strategy will prioritise carmaking as the Prime Minister scrambles to contain the fallout from Donald Trump’s tariffs.The move comes after the President of the United States slapped a 10 per cent baseline tariff on UK goods rising to 25 per cent for cars.While the Government continues to try and negotiate down the car tariffs in talks on an economic deal with the White House, with the US accounting for around 1…
Street: "We still face 25 per cent tariffs, plus ten per cent, on the luxury cars that we do a really good job of exporting"
"We still face 25% tariffs, plus 10%, on the luxury cars that we do a really good job of exporting" Former West Midlands mayor Andy Street urges the business secretary to "get that tariff reduced" as "jobs depend on this outcome"#BBCLauraK https://t.co/CXpI5I9h8H pic.twitter.com/fAVxw6RU9B — BBC Politics (@BBCPolitics) April 13, 2025 The post Street: “We still face 25 per cent tariffs, plus ten per cent, on the luxury cars that we do a really go…
Radiography piece by piece of a European car: this is the industry that has attacked Trump
A car, in a gross way, is between 20,000 and 30,000 pieces, depending on the model and the level of equipment. Although no brand agrees to disassemble their cars to see who makes each component, for maintaining the industrial secret and not giving advantages to its competitors, around 75% of the value of a vehicle is a matter of a huge network of component manufacturers, according to Sernauto, the Spanish association that represents the sector.
Market in crisis: Why cars manufactured in the United States are being bought less and less
U.S. President Donald Trump announced Wednesday the imposition of tariffs of up to 25% on all cars “not manufactured in the United States.” In addition, the U.S. head of state noted that the imposition of new taxes on imported vehicles would apply as of April 2. Indeed, among the manufacturers affected by these tariffs are the major European brands.Toyota published prices for April 2025: the cheapest modelsIn the past, Trump has complained that …
Industry Analysis: Trump Auto Tariffs Are Complex And Costly
The Center For Automotive Research (CAR) said President Donald Trump’s automotive tariffs are complex and will hike costs associated with every light duty vehicles sold or produced in the United States. The Ann Arbor Michigan based center estimated in a new analysis that since no vehicle is entirely produced within US borders, none will escape the 25% tariff imposed by the President. Even though the President’s aim is to rebuild auto production …
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