Your new car could cost thousands more thanks to Trump’s auto tariffs—and GM and Ford could lose billions, analyst warns

Quick Summary:

President Donald Trump has been itching to tax foreign autos for years.

Rerouting the sourcing of thousands of parts that are imported to the U.S.and uprooting assembly operations would take years.“It adds to the uncertainty facing all automakers as the industry’s supply chain is inherently global and has optimized around moving components across national borders where free trade agreements have existed in the past,” said John Paul MacDuffie, professor of management at the University of Pennsylvania.

In North America, for instance, Mexico supplies low-wage labor and makes smaller, less expensive cars and trucks while Canada and the United States provide more skilled labor and technological know-how.

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Article Details

Author / Journalist: The Associated Press, Alexa St. John, Paul Wiseman

Category: EconomyBusiness

Markets: United StatesCanadaMexico

Topics: Stellantis Ford Motor Autos General Motors Tariffs and trade Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-27 @ 21:54:39 (3 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 1251 words

Reading Time: 7 minutes read

Sentences: 5 lines

Sentence Length: 251 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27376116

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