DETROIT: A new analysis by the Center for Automotive Research has found that President Donald Trump's 25% auto tariffs imposed in early April will increase costs by about $108 billion for automakers in the U.S. in 2025.
The study, released on Thursday by the Ann Arbor, Michigan-based organization, found Detroit automakers Ford Motor , General Motors and Stellantis, maker of Jeeps and Ram trucks, specifically will see increased costs of $42 billion. The study found the Detroit Three could see tariffs of nearly $5,000 for the parts they import on average for each car produced in the U.S., and about $8,600 on average for each car they import.
