Trump’s 25% tariffs will hit these automakers the most

President Donald Trump tariffs On cars and automobiles are made to hit cars more difficulty than others, especially among those who have a lower share of vehicles sold in their US vehicles

For example, Volvo, Mazda, Volkswagen and Hyundai Motor, which include Genesis and Kia brands, at least 60% of their respective sales imported in 2024.

Comparatively, Ford, Honda, Stellantis and General Motors have the most cars in the United States, showed the S & P global mobility report.

Trump who views tariffs as a way to bring tax revenues to finance his tax cuts on Wednesday, 25% tariff announced on Wednesday On all imported carsA number

He noted that these tariffs preceded by 2.5% previously announced on April 2, when he expects to announce his mutual tariff plans.

When to start car purchases, make repairs as car tariffs

The Trump administration said on Thursday that the president’s move to “protect” such tariffs “will strengthen and strengthen the US car.” The administration claims that the foreign automotive industry has expanded due to the “unfair subsidies and aggressive industrial policy” “USA Production has stagnated”

Ford’s signals in the dealers in the Richmond city of California on June 21, 2024. (David Paul Morris / Bloomberg Getty Images / Getty Images)

However, “some claim that tariffs on the car industry can promote US production, only GM and Stellantis have no extra ability to increase the production of the United States. “The shift of production will also require suppliers to move.”

Hyundai Motor is the CEO to invest $ 21 billion in the US

Car experts claim that tariffs will promote accessibility issues, especially since no cars are being built or gathered in 100%.

When it comes to car prices, a Variety of market forces, In addition to tariffs, it will decide how fluctuating the price of the car, according to Brian Mudi, Brian Mudi, is a car.

Used vehicles are sold for sale during dealers in the California Collimal City on February 21, 2023. (David Paul Morris / Bloomberg Getty Images / Getty Images)

In addition, it may depend on how many models are made in the United States compared to other countries. If the manufacturer is preparing one model in the United States, while others abroad can increase prices evenly to absorb tariffs without a certain certain model according to the mood. This means that cars can spread the growth of several models, Moody said.

Here is the division of the car share in the imported sale of imported

S & P GLOBAL DATA at interest rate of US sales interest rate. (S & P GLOBAL MOBILITY)