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Trump’s tariffs have cost automakers $35 billion.
Automotive News ran the numbers based on public filings and found that Toyota was the hardest hit, at $9.1b, while Detroit’s Big Three paid a total $6.5b. It’s unclear how refunds might play out now that the Supreme Court overturned the tariffs as they were originally enacted, but either way that’s a lot of cash stuck in limbo that could have gone to hybrid and EV incentives while Trump’s Iran disaster continues to spike gas prices.
Report: Trump's Tariffs Have Cost Automakers $35 Billion So Far
[Car and Driver]
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