Automakers could still face up to $12,000 impact per car from tariffs

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Automakers could still face up to $12,000 impact per car from tariffs

^{Published on 2025-05-07 10:41:52 - Reuters}

A Michigan-based economic consulting group said on Thursday that automakers will still face a $2,000 to $12,000 tariff impact per vehicle despite the White House moving to soften trade levies on imported auto parts.

The article from MSN discusses the potential impact of tariffs on the automotive industry, specifically highlighting that automakers could face up to a $1,200 increase in costs per vehicle due to these tariffs. This information comes from a report by the Center for Automotive Research, which analyzed the effects of proposed tariffs on vehicles and parts imported from China. The report suggests that these additional costs could lead to higher prices for consumers and might affect the competitiveness of automakers. The article also mentions that the industry is already dealing with other challenges such as supply chain disruptions and the transition to electric vehicles, which could be exacerbated by the new tariffs.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/topstories/automakers-could-still-face-up-to-12000-impact-per-car-from-tariffs/ar-AA1E0amD ]

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