Here’s what the auto industry is saying about the effects of Trump’s tariffs

Vehicles at Ford, Nissan, and GMC dealerships in Richmond, California, US, on Monday, March 3, 2025. Tariffs on Canada and Mexico risk driving up US car prices by as much as $12,000, further squeezing consumers and wreaking havoc across the intricate web of automotive supply lines spanning the continent. Photographer: David Paul Morris/Bloomberg — Vehicles sit at Ford, Nissan and GMC dealerships in Richmond, Calif., on March 3. Tariffs on Canada and Mexico risk driving up U.S. car prices by as much as $10,000, further squeezing consumers and wreaking havoc across the intricate web of automotive supply lines spanning the continent. (BLOOMBERG)

Last Updated

March 28, 2025 04:25 PM

President Donald Trump’s set of new tariffs will affect every corner of the auto industry. Automakers, dealers and suppliers worry about exorbitant costs, vehicle price increases and maintaining global competitiveness.

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