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Automakers warn new Trump tariffs will boost costs, cut vehicle sales
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Automakers warn new Trump tariffs will boost costs, cut vehicle sales
Mar 28, 2025 12:50 PM

WASHINGTON, March 28 (Reuters) - A group representing

General Motors Toyota, Volkswagen and

other major automakers warned new 25% tariffs President Donald

Trump plans to impose next week on imported vehicles will hurt

U.S. consumers.

"Additional tariffs will increase costs on American

consumers, lower the total number of vehicles sold inside the

U.S. and reduce U.S. auto exports - all before any new

manufacturing or jobs are created in this country," said

Alliance for Automotive Innovation John Bozzella in a statement.

The group represents every major automaker.

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