Trump's 25% auto import tariffs: these are the most impacted manufacturers
Economy And Jobs,Auto Industry,Tariffs,Foreign Affairs,Cars,Big Business
From the Right
AllSides Media Bias Rating: Lean Right
President Donald Trump's tariffs on automobiles and automobile parts are going to hit some automakers harder than others, particularly among those with a lower share of their U.S.-sold vehicles assembled outside the U.S.
For instance, Volvo, Mazda, Volkswagen and Hyundai Motor, which include the brands Genesis and Kia, imported at least 60% of their respective U.S. sales in 2024, according to S&P Global Mobility.
Comparatively, Ford, Honda, Stellantis and General Motors have the most cars made in the U.S., the S&P Global Mobility report showed.
Trump, who views tariffs as a way to bring in tax revenue to finance his plans for tax cuts...
Check for Bias
The AI-powered AllSides Bias Checker instantly reveals the bias of a news article. Tap the button to use.
Related Coverage
AllSides Picks
More News about Economy and Jobs
News from the Left
News from the Center
News from the Right
Homelessness dropped 3% last year, compared to 2024, HUD Secretary Turner says more needs to be done
Just The News