Other Automakers Hit by Tariffs
General Motors may be the largest automaker in the US, but it isn’t the only one, which means that tariffs are becoming an industry-wide problem that could have a serious impact on the US economy.
Stellantis is a good example. The automaker behind Jeep, Maserati, Chrysler, and Dodge has also seen income dip substantially because of tariffs, announcing this week that its Q2 earning fell by $349.2 million.
With the current tariff set at 25% for imported vehicles, automakers are going to continue to feel the brunt of this new economic strategy from the Trump administration.
