Wed, 05 Feb 2025

Wed, 05 Feb 2025 Trump's China tariff increase affects Ford and GM vehicles, billions of dollars in auto parts

The largest impact on vehicles is on Ford Motor's Lincoln Nautilus and General Motors' Buick Envision.

* The US has imposed a 10% tariff on imports from China, which affects auto parts rather than vehicles themselves.
* Only a small number of US vehicles are made in China, but those that are include Ford's Lincoln Nautilus and General Motors' Buick Envision.
* Those two models accounted for nearly all (95%) of the China-made vehicles sold in the US last year.
* Other carmakers like Volvo have reduced their imports from China to mitigate the impact of tariffs.
* The tariff will likely increase costs for automakers, but it's unclear whether they will pass these costs on to consumers or make other changes.
* The auto industry is concerned about the impact of tariffs, which can drive up costs and potentially affect new vehicle sales.
  >>