The coalition for Jeff Ferry, a rich US chief economist, discusses the ‘money making’ on the tariff of President Donald Trump.
President Donald Trump’s tariff Some vehicle manufacturers in automobiles and automobile parts are going to make a hard hit than others, especially among those who gathered outside the US with a low part of their US-cold vehicles.
For example, Volvo, Mazda, Volkswagen and Hyundai Motor, including Brands Genesis and Kia, imported at least 60% of their respective American sales in 2024, according to S&P Global Mobility.
Comparatively, Ford, Honda, Stalentis and General Motors have the most cars in the US, shown in the S&P Global Mobility Report.
Trump, who looks at tariffs as a way to bring tariffs into tax revenue to make tax cuts to tax cuts, while ending the revival of domestic manufacturing, announced a plan to impose a 25% tariff on Wednesday. On all imported autos,
He indicated that those tariffs from the first declared 2.5% would be effective on April 2, when they expect to announce their mutual tariff plans.
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The Trump administration said on Thursday that the President’s move to implement such tariffs “would” protect and strengthen the American motor vehicle sector. ” The administration argued that foreign automobile industries have expanded due to “unfair subsidies and aggressive industrial policies”, while the US Production has become stable,
Ford signage at a dealership in Richmond, California on 21 June 2024. (David Paul Morris / Bloomberg Getty Image / Getty Image)
However, “Some say that tariffs on the auto industry may promote American manufacturing, only GM, Ford and Salentis have a greater ability to increase American production, and the automekers are unlikely to be able to make such changes quickly or cost effectively according to the March S&P Global Mobility Report.” A production innings will also need to transform such changes. “
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Car experts have argued that according to the Tariff National Automobile Dealers Association, especially since no vehicles are made or 100% not assembled with domesticly made parts.
When it comes to car prices, A Diversity of market forces, According to the autotrader’s executive editor Brian Moody, in addition to the tariff, it will determine how much the car price will be raised.
Used vehicles for sale at a dealership in Kolma, California on 21 February 2023. (David Paul Morris / Bloomberg Getty Image / Getty Image)
Additionally, it may depend on how many models are made in the US compared to other countries. If a manufacturer makes a model in the US, and other, then they can increase prices equally to absorb tariffs without being a big hit on a special model, according to Moody. This means that vehicle manufacturers can spread growth in many models, Moody said.
Here is the breakdown of the share of vehicle manufacturers with the percentage of imported sales
S&P global data imported on the percentage of US sales. (S&P global mobility)
