Stellantis said Monday that Trump’s tariffs have cost the company nearly $350 million in the first half of 2025, citing direct payments and lost production.
Total losses for the period could reach $2.7 billion, according to preliminary data, driven by tariff-related expenses, efforts to boost profitability, and compliance with new fuel emissions rules following Trump’s suspension of related penalties.
The carmaker’s North American sales dropped 25% in the three months to June, due partly to reduced production and shipments of imported vehicles affected by tariffs.
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Background to this:
25% tariffs on imported vehicles and auto parts began on April 2.
Tariffs disrupted supply chains across the U.S., Mexico, and Canada.
Stellantis paused production at plants in Windsor (Canada) and Toluca (Mexico).
Resulted in 900 U.S. layoffs across Michigan and Indiana facilities.
Trump later clarified tariffs wouldn’t stack with others like steel and aluminum.
Stellantis cited tariffs six times in its H1 earnings preview.
Company paused forward guidance on April 30, citing performance gaps vs. forecasts.
Broader challenges include product reshuffling, inventory cuts, and strained dealer ties.
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