Trump’s 25% Tariff on Imported Autos Shakes Global Auto Industry
President Donald Trump’s decision to impose a 25% tariff on all imported vehicles and foreign-made auto parts has rattled automakers and markets worldwide. The move, announced late Wednesday, triggered sharp declines in auto stocks, with shares of General Motors falling 8% and Ford and Stellantis each dropping by around 4.5%.
Industry analysts warn that the tariffs could add thousands of dollars to the cost of new vehicles in the U.S., where nearly half of all cars sold last year were imports, according to GlobalData. The levies also threaten to disrupt North America’s deeply interconnected auto manufacturing networks, developed over decades across the U.S., Canada, and Mexico.
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