- Published at
- by economictimes.indiatimes.com
mixed
mixed
Most carmakers stand to lose as Trump’s tariffs spread the pain
US President Donald Trumps 25% tariffs on auto imports and key components will raise costs for several major carmakers, including Hyundai, Volkswagen, and General Motors. The tariffs are set to benefit companies like Tesla, which manufactures domestically. Ford may also face less severe impacts due to its significant domestic production.