Import tariffs could cut US auto sales by 1.8 million in 2025, advisory firm says [USA TODAY]
Stellantis N.V. Common Shares (STLA)
Company Research
Source: USA TODAY
If the current tariffs stay in place until 2035, sales of light-duty vehicles in the U.S. and Canada would be about 7 million units lower than the 24.6 million sales in a scenario with no trade conflicts and strong economic growth, Telemetry said on Monday in a forecast provided exclusively to Reuters. President Donald Trump 's 25% automotive import tariffs went into effect April 3. Vehicles made in Mexico and Canada face the levy, but automakers compliant with the terms of the U.S.-Mexico-Canada Agreement can deduct the value of U.S. content. The Trump administration has also imposed reciprocal tariffs of varying rates on different countries, which were not applied to Canada and Mexico. The tariffs have pressured automakers to make production changes with General Motors GM.N increasing truck output at an Indiana plant and Stellantis STALM.MI, maker of Ram trucks and Jeeps, temporarily shutting down production at two plants in Mexico and in Canada, affecting five U.S. facilities
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STLA
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