Trump's Tariffs Are Costing Automakers Billions [Yahoo! Finance]
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Source: Yahoo! Finance
Brands like Toyota paid a staggering amount of money in tariffs over the last year. Automotive News analyzed automakers' financial reports and reported that tariffs have cost automakers at least $35.4 billion since last year. The outlet's accounting was based on those same year-end financial reports from automakers and took into account tariff costs incurred in 2025, as well as projections for costs through March 2026, in some cases. Of course, overseas brands were hit the hardest. Toyota imports a great deal of its vast supply chain network into the US, be it before fully-built cars are delivered to ports around the US, or for parts that are brought in for vehicles that will be assembled Stateside and sold. As a result, the brand reported it paid more than any other, totaling a projected $9.1 billion in tariff-related costs through the end of March. Toyota · Toyota Other foreign brands, including BMW, Honda, Hyundai-Kia, Mazda, Mercedes-Benz, Nissan, Subaru, and Volkswagen,
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