Source: AOL
“The Trump Administration’s global economic policy, particularly its penchant for using tariffs as a bargaining chip, has had massive ramifications on the highly-globalized automotive industry. According to an analysis of the automaker financial reports by Automotive News, the Trump tariff plan has already cost automakers some $35.4 billion since the start of 2025. The news come via analysis of the latest data from car companies, which include data for the full-year costs of 2025 as well as projections for 2026 through mid-March where applicable. … that financial strain also comes at the same time as Trump’s massive rework of emissions and climate regulations, which saw automakers walk back their EV initiatives. AN reports those actions have also cost automakers around $70 billion thus far.” (03/17/26)
https://www.aol.com/articles/trump-administration-tariffs-cost-automakers-153600239.html