According to reports, the U.S. policy of imposing a 25% tariff on imported cars has been implemented on April 3, which has also caused a considerable impact on U.S. domestic car companies. According to reports, Ford Motor Co. recently said that if the U.S. government continues to impose tariffs on cars and auto parts imported into the United States, the prices of its cars sold in the United States may begin to increase this summer.
The price increase is expected to begin in July this year, and Ford has notified the price increase in a memo sent to dealers recently.
General Motors, one of the three major U.S. automakers, will also be affected by tariffs.
Buick's three most popular models in the United States are not manufactured in the United States and will face price increases as the U.S. government's tariffs take effect.
Forecasts show that investment institutions have lowered Buick’s parent company General Motors’ 2025 profit forecast by 40%.The additional tariffs are expected to reduce GM's pre-tax profits by US$9.5 billion in 2025.
In addition, Tesla, as a domestic electric vehicle brand in the United States, although the production of complete vehicles is in North America, many parts of Tesla's North American factories are imported from the Chinese supply chain, which also forces Tesla to bear more additional costs.
However, as the United States further increases tariffs on China, Tesla is unable to afford the huge tariff costs.Tesla has currently suspended the import of Cybertruck and Semi parts from China, resulting in "difficult production" of the vehicles.
According to S&P Global, nearly half of new passenger vehicles sold in the United States in 2024 will be assembled outside the United States. Many economists point out that tariffs will push up car prices and harm the interests of American consumers.
