Auto Tariffs Force A Gear Change Across Supply Chains
Source: SeekingAlpha
2025-04-12 05:00:00 ET
Summary
- The Trump administration has formally implemented tariffs of 25% on imports of automobiles from April 3 and certain components from May 5 following a Section 232 review of the sector in 2019 and an updated view of imports.
- US imports of the vehicles covered by the review reached 8.1 million cars, trucks and SUVs in 2024, of which 3.7 million were USMCA-eligible.
- Importing countries have different exposure to new US duties as well, with predictably the US’s USMCA partners sending a large proportion of their auto parts to the US, excluding computers.
The Trump administration has formally implemented tariffs of 25% on imports of automobiles from April 3 and certain components from May 5 following a Section 232 review of the sector in 2019 and an updated view of imports, which “continue to threaten to impair the national security of the United States.”...
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Auto Tariffs Force A Gear Change Across Supply Chains
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