Trump Auto Tariffs: How Major Car Brands Would Be Affected
Posted on: Mar 27, 2025 22:40 IST | Posted by: Nytimes
The surmount of the damage depends on the circumstances of each company’s supply chain.
The tariffs on cars and auto parts that President Trump announced on Wednesday will have far-reaching effects on automakers in the United States and abroad.
But there will be important differences based on the circumstances of each company.
The company run by Mr. Trump’s confidant, Elon Musk, makes the cars it sells in the United States in factories in California and Texas. As a result, it is perhaps the least exposed to tariffs.
But the company does buy parts from other countries — about a quarter of the components by value in its cars come from abroad, according to the National Highway Traffic Safety Administration.
In addition, Tesla is struggling with falling sales around the world, in part because Mr. Musk’s political activities and statements have turned off moderate and liberal car buyers. Some countries could seek to retaliate against Mr. Trump’s tariffs by targeting Tesla. A few Canadian provinces have already stopped offering incentives for purchases of Tesla’s electric vehicles.
The largest U.S. Automaker imports many of its best selling and most profitable cars and trucks, especially from Mexico, where it has several large factories that churn out models like the Chevrolet Silverado. Roughly 40 percent of G.M.’s sales in the United States last year were vehicles assembled abroad. This could make the company vulnerable to the tariffs.
But unlike some other automakers, G.M. Has posted strong profits in recent years and is considered by analysts to be on good financial footing. That could help it weather the tariffs better than other companies, especially if the import taxes are removed or diluted by Mr. Trump.
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