Reported 9 days ago
A recent report by JATO Dynamics highlights that GM, Stellantis, and Ford, the Big Three automakers from Detroit, are the most vulnerable to President Trump's 25% tariffs on foreign-imported vehicles. In 2024, they sold 1.85 million imports in the US, making up 12.6% of their global sales, compared to lower percentages for major foreign competitors. The report emphasizes the significant challenges these tariffs pose for the US auto industry, leading to potential long-term adjustments in production strategies.
Source: YAHOO