#automotive-tariffs

#automotive-tariffs

Automakers are facing billions of dollars in additional costs from Trump's tariffs, particularly those levied on imported autos and car parts. Those tariffs, as well as levies targeting steel and aluminum, were implemented under a law that gives the president authority to impose import taxes on national security grounds. The duties were unaffected by the Supreme Court's ruling that struck down Trump's broader import taxes imposed on many countries.

The great EV retreat continues as more and more automakers are pulling investments out of the battery race in favor of classic petroleum. Its latest victim? Subaru. The maker of damn near every car in Vermont plans to scale back its investments in EVs in favor of both hybrids and combustion-powered cars due to shrinking demand and America's brutal automotive tariffs.

Ford welcomes and appreciates these decisions by President Trump, recognizing the administration's efforts to support domestic manufacturing while emphasizing the importance of adapting to trade policies.