President Donald Trump’s 25% tariffs on imported vehicles and parts have sent shockwaves through the U.S. auto industry.

In all, the company expects to have lost as much as $2.7 billion over the first half of 2025 as a result of costly efforts to improve profitability and tariff-related expenses. The losses also include compliance charges with Trump’s suspension of financial penalties tied to fuel emissions standards.

The car company behind the brands Vauxhall, Jeep and Fiat says US President Donald Trump's tariffs have already cost it €300m (£259.6m, $349.2m). 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.

Automakers might increase prices moving forward, according to a report from the intelligence firm AlixPartners.

Blunt was similarly critical in May after Trump announced a trade deal with the United Kingdom. Under the terms of that deal, the first 100,000 vehicles imported from UK manufacturers each year will be subject to a 10% tariff. Any additional cars each year would be subject to the higher 25% rate.

“A world with tariffs is unacceptable for us,” Beato said. “A world with tariffs puts our plant in a vulnerable position, even more so than it is now, and not only for our plant, but all of southern Ontario and the whole auto industry.”

General Motors was the second auto company this week, after Stellantis, to show the toll that President Trump’s trade policies are taking on the industry.