Stellantis said Monday that Trump’s tariffs have cost the company nearly $350 million in the first half of 2025, citing direct payments and lost production.
Total losses for the period could reach $2.7 billion, according to preliminary data, driven by tariff-related expenses, efforts to boost profitability, and compliance with new fuel emissions rules following Trump’s suspension of related penalties.
The carmaker’s North American sales dropped 25% in the three months to June, due partly to reduced production and shipments of imported vehicles affected by tariffs.
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Background to this:
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25% tariffs on imported vehicles and auto parts began on April 2.
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Tariffs disrupted supply chains across the U.S., Mexico, and Canada.
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Stellantis paused production at plants in Windsor (Canada) and Toluca (Mexico).
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Resulted in 900 U.S. layoffs across Michigan and Indiana facilities.
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Trump later clarified tariffs wouldn’t stack with others like steel and aluminum.
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Stellantis cited tariffs six times in its H1 earnings preview.
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Company paused forward guidance on April 30, citing performance gaps vs. forecasts.
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Broader challenges include product reshuffling, inventory cuts, and strained dealer ties.
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This article was written by Eamonn Sheridan at investinglive.com.
