VMs most exposed to US import tariffs revealed in new analysis
New analysis has identified the vehicle manufacturers that will be most exposed by the new 25% US import tariffs.
President Trump imposed a 25% import tax on all vehicles last week. Car parts entering the US will also be taxed 25% from next month.
Last year the US sold 6.3 million cars that were imported from key markets such as the UK, the EU, Japan, Korea, Mexico and Canada.
All vehicle manufacturers will be impacted in some way, but analysis from Jato Dynamics has revealed that some brands will feel the burden more than others. Among those more likely to be affected is Jaguar Land Rover, with one in four Land Rover vehicles (24%) exported to the US last year.
Meanwhile, Infiniti exported 41% of its cars to the US last year and Lexus 32%. Other brands heavily reliant on the US market are Mazda, which sold 343,000 units in the US last year, and Subaru, with 71% of global sales in the US.
Felipe Munoz, global analyst at Jato Dynamics, said:
“The US is a crucial market for 14 of the 18 non-Chinese global carmakers. It’s likely that carmakers such as Volvo, Hyundai-Kia, Mercedes-Benz, BMW, Stellantis, Toyota, Nissan, Subaru, and General Motors will have to ramp up production in the US in response to these new trade terms. The US market is too significant to ignore.”
