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The Verge

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Image Credit: The Verge

Price hikes, idled factories, layoffs: how car companies are responding to Trump’s tariffs

  • President Donald Trump's 25 percent tariffs on all auto-related imports have led automakers to respond and make necessary changes.
  • Audi is holding all vehicles assembled in Mexico and overseas at US ports until further notice and evaluating how to proceed for customers and dealers.
  • BMW has not announced any specific response yet, but expects a €1 billion hit to its 2025 financial results due to the tariffs.
  • Automakers are bracing for the potential impacts of the tariffs, including price hikes and negative effects on the US car market.

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