
US Tariffs Drive Up Car Prices: Automakers Brace for Hikes
Steep import duties on parts are cutting into GM, Ford and Stellantis profits, adding $2K-$5K per vehicle and setting the stage for sticker shock in 2025.
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Steep import duties on parts are cutting into GM, Ford and Stellantis profits, adding $2K-$5K per vehicle and setting the stage for sticker shock in 2025.
Japanese PM Ishiba criticized the U.S.-imposed 25% auto parts tariff, urging reconsideration as trade talks stall over reciprocal duties.
As the U.S. braces for 25% tariffs on imported cars and parts, the global auto industry faces uncertainty. Experts weigh the impact on supply chains and pricing.
Car and Driver’s Jamie Kitman warns US auto tariffs are crippling the industry and argues that reversing these levies is the only path to competitiveness and consumer relief.
Experts at the 2025 New York Auto Show warn that a proposed 25% U.S. tariff on imported vehicles could drive up costs, shift supply chains and speed up EV strategies.
Proposed U.S. auto tariffs aimed at boosting domestic sales may backfire, leading to price hikes up to $10,000, warn experts.