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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.
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corpmagazine.com broke the news in on Thursday, April 10, 2025.
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