Tariffs are taking a big toll on US Automakers
To understand the overall impact that tariffs have on the US car market , it is important to take into account that all mass-produced vehicles today rely on a global supply chain. This means that even if your vehicle was assembled in the US, it is very likely to have a lot of parts made all over the world. For example, most airbags are made by Autoliv, a Swedish company that manufactures their airbags in China, Mexico and the US. Similarly, Bosch the leading producer of alternators found in a lot of new vehicles, is a German company that sources materials and assembles most of their products overseas. So just because the car is assembled in the US does not make it immune to new tariffs placed on goods exported from foreign countries. US Automakers On March 26, 2025, the Trump administration announced a 25% tariff on imported vehicles and auto parts, effective April 3. While the United States-Mexico-Canad...