By Ryan Felton
Jeep maker Stellantis told its U.S. dealers Tuesday that newly-imposed 25% tariffs on all products from Mexico and Canada will put its car brands at a competitive disadvantage against Asian and European automakers. The owner of the Chrysler and Ram pickup-truck brands said in an email to its retailers that it is continuing discussions with the Trump administration to blunt the effects of the tariffs.
Toyota Motor, Hyundai Motor and other Asian carmakers have operations in Mexico and Canada and also would be hurt by the import tariffs. Executives from Stellantis, Ford Motor and General Motors have been pressing their case to administration officials in recent days that the new tariffs will hit the Detroit carmakers especially hard because of their broader North American presence, while leaving imports from Japan and Korea relatively unscathed.
"These tariffs will put Stellantis' flagship Chrysler, Dodge, Jeep and Ram brands at a competitive disadvantage versus Korean, Japanese and European importers, which are not facing similar tariffs at this time," said the email, which was seen by The Wall Street Journal.
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(END) Dow Jones Newswires
March 04, 2025 15:29 ET (20:29 GMT)
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