Tariffs may increase expenses for domestic car manufacturers by $108 billion.

The Trump administration believes that tariffs on imported vehicles and parts will benefit the U.S. automotive industry, but a study by the Center for Automotive Research indicates that these tariffs will actually increase costs for domestic automakers by $107.7 billion by 2025, with GM, Ford, and Stellantis facing $41.9 billion in production cost increases. The report highlights the complexity of the automotive supply chain, noting significant foreign parts reliance in U.S. vehicles, and calls attention to ongoing discussions between automakers and the administration regarding tariff impacts.