March 27 (Reuters) - U.S. President Donald Trump on Wednesday followed through on weeks of threats for new tariffs on imported cars, saying a 25% import tax on vehicles not built in the U.S. would kick in next week.
Nearly half of all cars sold in the U.S. last year were imported, according to industry data.
Below are companies and countries most vulnerable to the new tariffs.
PERCENTAGE OF CARS SOLD BY BRANDS IN U.S. THAT ARE IMPORTED
Jaguar Land Rover (Tata) TAMO.NS 100%
Geely (Volvo) GEELY.UL 90%
Mazda 7261.T 81%
Volkswagen VOWG_p.DE 80%
Hyundai/Kia 005380.KS, 000270.KS 65%
Mercedes-Benz MBGn.DE 63%
BMW BMWG.DE 52%
Toyota 7203.T 51%
GM GM.N 46%
Stellantis STLAM.MI 45%
Subaru 9778.T 45%
Honda 7267.T 35%
Ford F.N 21%
Tesla TSLA.O 0%
Source: Research firm GlobalData
TOP VEHICLE EXPORTING COUNTRIES TO THE U.S.
The U.S. imported $474 billion worth of automotive products in 2024, including passenger cars worth $220 billion.
Mexico, Japan, South Korea, Canada and Germany, all close U.S. allies, were the biggest suppliers.
Mexico exported 2.5 million vehicles in 2024, followed by South Korea with 1.4 million, Japan with 1.3 million and Canada with 1.1 million. Germany exported 430,000 vehicles and the UK shipped nearly 90,000 in 2024, according to S&P Global Mobility.
(Reporting by Miyoung KimEditing by Mark Potter)
((miyoung.kim@thomsonreuters.com; 65 6870 3026; Reuters Messaging: miyoung.kim.thomsonreuters.com@reuters.net))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。