A car trailer was waiting next to the border wall, and then crossed the OTAY commercial port in Timepona, Mexico on January 22, 2025.
Guillermo Arias | Agence France -Prestery | Getty Image
Detroit-President Donald Trump’s Threatening to be applied 25 % tariffs imported from Canada and Mexico From Saturday, the global automotive industry will hold their breath collectively.
For a few months, auto manufacturers have been taking “Wait” method Potential tariffs to the Trump administration. Trump promised to apply his duties at the inauguration of the month, and then he set the target date on February 1 as a fee for major US trading partners.
Regardless of whether Trump imposed tariffs, such as General motor -The best -selling people in the United States want to be clear so that they can focus on policy planning.
Tariffs are taxes on imports or foreign products that enter the United States. The company of imported goods has paid tariffs, and some people worry that the company will only transfer any additional costs to consumers-increase the cost of the vehicle and reduce demand.
Uncertainty of trade Cause losses to GM On Tuesday, even after Wall Street’s expectations for the guidance of 2025 and the launch of the fourth quarter and the bottom line, car manufacturers’ stocks were one of the worst days.
Barclays Analyst Dan Levy said in an investor bill on Wednesday: “The main income obtained from the results of 4Q (income) from GM (GM) is, although the opportunity of GM has the opportunity to have It is very attractive, but it must temporarily navigate US policy uncertainty.
GM stock
In his guidance, GM did not take into account potential tariffs. CFO Paul Jacobson described it as a “cautious” method because there was actually no tariff on North American products.
Jacobson and GM CEO CEO Mary Barra (Mary Barra) The company said that there are any emergency plans for action, but this is not enough to appease anxiety investors.
“There are too much noise,” Jacobson Tell investors on TuesdayCited inaugural ceremony and California wildfires and other issues and events. “We have been cautious until we get smoother data from the market, because January is so noisy.”
“Huge influence”
Tariffs may have a huge impact on the global automotive industry and may reduce the income of companies such as GM Corporation. The company has important manufacturing business in North America.
Standard & Square Global Mobility: “No matter what time is, these blanket tariffs will have a huge impact on the automotive industry.” Say in the report This week. The report said that “almost no (automobile manufacturer) or supplier” operated in North America would be immune.
Donald Trump, US President, is the CEO of Blackstone Stephen Schwarzman, CEO Mary Barra (R) CEO Mary Barra (R) In the White House in Washington on February 3, 2017, a strategic and policy forum with the CEO of major US companies.
Kevin Lamarque | Reuters
However, most of the major car manufacturers have factories in the United States, but they still seriously depend on imports from other countries from Mexico to meet the needs of American consumers.
In the United States, almost every major car manufacturer has at least one factory in Mexico, including six best -selling car manufacturers, which accounted for more than 70 % of the US sales in 2024.
According to the International Trade Administration, the industry was deeply integrated between the two countries, and Mexico imported 49.4 % of automobile parts from the United States, and Mexico exported 86.9 % of automobile parts produced in the United States.
Wells Fargo estimates that 25 % of tariffs on imports from Mexico and Canada will make traditional Detroit automobile manufacturers spend billions of dollars per year. The company estimates the impact of 5 %, 10 % and 25 % of the tariffs on general cars. Ford Electric And Klezler’s parents Stellandis Generally, it was $ 13 billion, $ 25 billion and $ 56 billion.
S & P Global Markit (previously IHS Markit) estimates that 25,000 % responsibility of 25,000 vehicles from Canada or Mexico will increase its cost of $ 6,250-some of them (if not most) can pass it to consumers.
Auto manufacturers are the most risky
Standardous liquidity reported about 5.3 million cars in Canada and Mexico, about 70 % (nearly 4 million) in the United States
Mexico accounts for most vehicles, and is five automakers-Ford, GM, Standeis, Toyota Honda-Only estimates 1.3 million light vehicles According to Canada in 2024, it is mainly used in the US market Manufacturing Non -profit research team in CanadaEssence
Some of these auto manufacturers also largely depend on Mexican production, but not all manufacturers will face the same interruption. On the basis of sales, German car manufacturers public It is the most vulnerable to tariff risk in Mexico, followed by Nissan engine Standard & Poore Global Liquidity Report.
Antonio Filosa, head of North American business January 10Essence “But yes, we need to wait for his decision. After Mr. Trump and his government decision, we will work accordingly.”
The following is a car manufacturer based on vehicle tariffs imported from Mexico. This is based on the percentage of US sales produced in the south of the border:
- Volkswagen: 43 %
- Nissan: 27 %
- Stellandis: 23 %
- GM: 22 %
- Ford: 15 %
- Honda: 13 % %
- Toyota: 8 %
- Hyundai: 8 %
