American car companies are revealing the "cost bill" of tariffs, experts say that car manufacturers and suppliers are required to use "profits" to fill the US tax revenue.
According to the latest revealed business data from various industries, President Trump's tariff policy has brought more pain to many companies. Reuters reported on the 6th that many American companies are facing weakened market demand and rising product costs. Global tariff tracking data from Reuters show that companies who have released their latest quarterly financial reports are expecting profits to be impacted by 2025. Among these companies, the impact of tariffs on the automotive industry is particularly noticeable. The recent financial report from Ford Motor Company shows that tariff-related costs in the second quarter of 2025 resulted in losses of up to $800 million, leading the company to record a quarterly loss for the first time since 2023. General Motors' financial report also shows a loss of $1.1 billion in the second quarter due to tariffs. The multinational automotive company Stellantis, which owns several American car brands including Chrysler, reported a loss of $350 million due to tariffs. The three giants predict that tariffs will lead to a total profit loss of $7 billion for the US automotive industry in 2025.
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