U.S. President Donald Trump hailed the framework trade agreement with the European Union as one that promises to be “great for cars.”

Tariff expenses are starting to pile up for auto manufacturers and suppliers. General Motors Co., for example, said tariffs cost it $1.1 billion in the second quarter, while Stellantis expects a full-year tariff impact of $1.2 billion-$1.8 billion.

Six months after Donald Trump introduced the first US tariffs, companies have started to feel the effects of a shock whose repercussions, though they have been contained for now, are likely to be long-lasting.

Tesla vehicles are lined up at a vehicle storage yard at an industrial port, on the day U.S. President Donald Trump struck a trade deal with Japan that lowers tariffs on auto imports, in Yokohama, near Tokyo, Japan, July 23, 2025. Japanese automakers breathed a sigh of relief after U.S. President Donald Trump finalized a trade agreement last week.

President Donald Trump’s 25% tariffs on imported vehicles and parts have sent shockwaves through the U.S. auto industry.

Detroit Axle said Trump's new tariff policy is forcing it to shut a facility and cut jobs. Experts look for more companies to do the same.

With just days to go before the full force of Donald Trump’s 30% tariff barrage kicks in, South Africa’s most successful export sector is facing a high-speed collision with American industrial nationalism.

The announcement and anticipation of US tariffs have already had an immediate and devastating impact on trade performance.

Andy Mavrokefalos, owner of Attica Manufacturing, which makes industrial parts for several sectors including automotive, shares the concern. While automotive parts are tariff-free under the Canada-U.S.-Mexico trade agreement (CUSMA), he is paying tariffs on the Canadian steel, aluminum and copper derivatives he uses to make his parts.

There is a growing level of economic uncertainty surrounding the North American Auto Industry, especially the Big Three.

The entry of other US-made cars into the Philippines at zero tariffs will not threaten the local auto industry as these vehicles cater to a different market, according to the chairman of the GT Capital Auto and Mobility Holdings,