The car company behind the brands Vauxhall, Jeep and Fiat says US President Donald Trump’s tariffs have already cost it \u20ac300m (\u00a3259.6m, $349.2m).<\/p>\n
Stellantis said the financial hit was a result of tariffs impacting trade and the company’s loss of planned production in its response to the them.<\/p>\n
A 25% tariff on cars<\/a> being imported to the US has been place since April.<\/p>\n Trump’s policy decision has threatened to upend global car trade and supply chains, with some car manufacturers, including Jaguar Land Rover (JLR) temporarily pausing exports to the US in response.<\/p>\n Stellantis owns 14 car brands, including Alfa Romeo, Maserati, Citroen, Chrysler and Dodge.<\/p>\n It said its shipments to North America were 25% lower in the three months to June compared to the same period in 2024, due in part to tariffs.<\/p>\n Total sales over that time were also down 10%, the company said in preliminary figures for the first half of the year.<\/p>\n While Stellantis has manufacturing plants in the US, it also manufactures vehicles in the UK, Europe, Canada, Mexico and South America.<\/p>\n The car company has forecast revenues of \u20ac74.3bn for the first half of the year, and a net loss of \u20ac2.3bn which includes the impact of tariffs.<\/p>\n When he introduced the car tariffs, Trump said it would boost the American car manufacturing industry, but within a month of their introduction he eased tariffs on foreign car parts<\/a>.<\/p>\n The UK reached a deal with the White House in May to reduce car tariffs to 10% on up to 100,000 vehicles, which is still considerably higher than the previous tariff of 2.5%.<\/p>\n Other countries remain in negotiations with the US, and Trump has recently threatened to lift overall tariffs<\/a> on the European Union and Mexico if they retaliate against the US tariff regime.<\/p>\n