From CNBC: 2025-03-27 14:55:00

President Trump announced 25% tariffs on imported cars not made in the U.S., affecting auto stocks. GM, Stellantis, and Ford fell, while Tesla rose. Deutsche Bank analysts believe Tesla and Ford are shielded, but GM has the most exposure to Mexico. Tariffs apply to passenger vehicles, light trucks, and key parts.

The United Auto Workers union supports the tariffs, seeing them as a step for autoworkers and blue-collar communities. The American Automotive Policy Council also backs Trump’s vision for increasing U.S. automotive production and jobs. However, they urge tariffs to avoid raising consumer prices and maintain North American automotive competitiveness.

S&P Global Mobility reports vehicles have tens of thousands of parts from 50 to 120 countries. On average, 25 automakers produce 63,900 vehicles daily in North America, with most assembled in the U.S. Goldman Sachs analysts say the 25% tariff could raise imported car prices by $5,000 to $15,000, affecting U.S.-made cars as well.

Trump’s announcement of tariffs follows previous exemptions for vehicles compliant with trade rules. Details on tariff enforcement and impact on the auto industry are still being determined as the U.S. government consults with industry experts. Stay updated with CNBC PRO for further insights.



Read more at CNBC: Detroit automaker shares fall after Trump’s tariff announcement