https://www.foxbusiness.com/economy/trumps-25-auto-import-tariffs-most-impacted…
Approved Story
1
Format
Region
News Item Format
Standard
Autocurated
0

President Donald Trump's tariffs on automobiles and automobile parts are going to hit some automakers harder than others, particularly among those with a lower share of their U.S.-sold vehicles assembled outside the U.S.

For instance, Volvo, Mazda, Volkswagen and Hyundai Motor, which include the brands Genesis and Kia, imported at least 60% of their respective U.S. sales in 2024, according to S&P Global Mobility. 

Comparatively, Ford, Honda, Stellantis and General Motors have the most cars made in the U.S., the S&P Global Mobility report showed. 

Trump, who views tariffs as a way to bring in tax revenue to finance his plans for tax cuts...