New duties of Trump for imports: which auto giants will suffer more

The Trump administration announced the introduction of new tariffs for goods from Canada, Mexico and China. Products from the closest neighbors will be taxed 25%, and for Chinese supplies you will have to pay extra “extra” 10%. S&P Global Mobility analysts believe that the bill will have a serious impact on the global auto industry and named brands that will pay the most.

According to S&P Global Mobility, Trump’s decree will affect all car manufacturers and suppliers from North America, because Mexico exports 86.9% of automobile parts in the United States, and almost all auto giants use components from this country. For example, Volkswagen sells 43%of Mexican assembly cars in North America, Nissan has this share of 27%, the Stellantis concern has 23%, General Motors has 22%, Ford 15%.

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Some American bestsellers strongly depend on the details from abroad: for example, Ford F-Series and Mustang are equipped with Canadian engines, and the Mazda CX-50 is equipped with motors from the plant in Mexico. Toyota RAV4, full -sized General Motors and Stellantis pickups are also produced in a neighboring country. It is assumed that the costs from the “trade wars” on the North American continent will try to transfer to consumers, that is, the prices of cars will be upheld by historical maximum.

There is no clarity yet, when exactly the United States will introduce barriers to foreign goods. However, the average price of the car can gradually increase by the same 25%. According to Wells Fargo, the annual General Motors losses can be $ 13 billion, Ford – $ 25 billion, and Stellantis will overpay $ 56 billion.

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