The invoices for cars and car departments announced by President Trump on Wednesday will have extensive impact on automakers in the United States and abroad.
But there will be significant differences based on the circumstances of each company.
Tesla
The company runs by his trusting Mr Trump, Elon Musk, makes the cars he sells to the United States in factories in California and Texas. As a result, it is perhaps the least exposed to invoices.
However, the company buys spare parts from other countries – about a quarter of value components in its cars come from abroad, according to the National Traffic Safety Agency.
In addition, Tesla is struggling to reduce sales around the world, partly because Mr Musk’s political activities and statements have disabled average and liberal car buyers. Some countries could seek to oppose Mr Trump’s tariffs, targeting Tesla. Some Canadian provinces have already stopped offering incentives for Tesla electric vehicles.
General engine
The largest American car industry imports many of the best sales and the most profitable cars and trucks, especially from Mexico, where it has several large factories that launch models such as Chevrolet Silvedo. About 40 % of GM sales in the United States last year were gathered abroad. This could make the company vulnerable to invoices.
But unlike some other automakers, GM has published strong profits in recent years and is considered by analysts to be on a good financial basis. This could help to overcome invoices better than other companies, especially if import taxes are removed or diluted by Mr Trump.
Ford Motor
Ford depends very much on imported cars on many of its opponents. It makes about 80 % of vehicles selling in the United States in the country. As a result, it would be relatively insulated by the tariffs 25 % in imported vehicles.
But the company is still dependent on foreign factories for large parts such as engines. A Ford factory in Ontario, for example, makes engines for some of its trucks. Ford has lost billions of dollars in electric vehicles. One of the three batteries powered models, the Mustang Mach-e, is produced in a factory near Mexico.
Saddle
The company holding Chrysler, Dodge, Jeep and RAM, uses factories abroad, especially in Mexico, to collect some popular models such as RAM trucks. Another model, Chrysler Pacifica Minivan, is manufactured in Ontari.
Stelantis, created by the merger of Fiat Chrysler and Peugeot of 2021, is also competing with sluggish sales and looking for a new chief executive. These challenges raised the company, along with some others, such as Nissan, at greater risk, especially if invoices remain in force for months or years.
Toyota
Like other Japanese automakers, Toyota depends very much on the United States and sells 2.3 million cars in the country last year. About one million of these vehicles were made in other countries, many of them in Canada, Mexico and Japan. This could be a big problem for the company and automakers such as Subaru and Mazda, with which Toyota works closely.
But Toyota, the largest automaker in the world, is in a better position than other automakers. It is profitable and is considered by analysts to be one of the best companies in the world automaker.
Bombing
Europe’s largest automotive industry could be really injured by invoices because it has only one factory in the United States, Chattanooga, Tenn., Where it does Atlas and ID.4 sports vehicles. He imports many of his cars, including Audis and Volkswagens from Mexico and Porsches from Germany.
The company has competed financially in recent years because its sales have been abruptly reduced in China, where domestic automakers have grown rapidly by importing many affordable electric and hybrid vehicles. Volkswagen hoped to raid on the United States, but Mr Trump’s latest invoices could make this difficult task even more difficult.
Hyundai and Kia
South Korea Stablemates have made spectacular sales profits in the United States in recent years. Companies have also invested in a new power plant in Georgia that is starting to increase production, which could help them avoid invoices on some models.
On Monday, Hyundai Executive President Euisun Chung announced in a White House with Mr Trump that his company would invest another $ 21 billion in the United States, including a new steel plant in Louisiana. Although Hyundai and Kia now have three factories in Georgia and Alabama, they will not be able to avoid invoices for hundreds of thousands of cars importing to the United States. Many of these vehicles came from South Korea, which negotiated a trade agreement with the United States in 2007, which was informed during Mr Trump’s first term.
