Ford and GM shares fell after Trump's decision to impose tariffs

Shares of General Motors, Ford and other automakers fell amid U.S. President Donald Trump's decision to impose 25 percent duties on imports of cars manufactured outside the country, Reuters reported on March 27.

So, shares of General Motors fell by 8%, Ford and Stellantis — by 4.5%, and Toyota, Honda and Hyundai — by 3-4%.

The new tariffs will take effect on April 2. They will be applied to all imported passenger cars and light trucks, and later (from May) to key components such as engines, transmissions and electrical components. The White House estimates that the new tariffs will bring the United States about $100 billion annually, Bloomberg reported.

It is assumed that as a result of the introduction of duties, the cost of a conventional crossover will rise by $ 4 thousand, and the cost of an electric car produced in the United States will increase by $12 thousand.

The duties will hit American manufacturers, experts say. GM imports some Chevrolet Silverado pickups from factories in Mexico and Canada, while Stellantis manufactures some models in Mexico, including the Jeep Compass SUV. Ford produces a larger proportion of its vehicles in the United States than its Detroit competitors. However, in Mexico, Ford produces the Maverick and Bronco Sport models.

Mexico ranks first in the list of leading car supplier countries in the United States. In 2025, 2.96 million cars worth $78.5 billion were imported from it. This is followed by Japan, South Korea, Canada and Germany.

Stumble upon a tariff: how much will the mutual duties of China and the United States hit their economies

And who was best prepared for the trade war started by Trump?

Earlier in the day, it was reported that the United States would impose even tougher duties on goods from the European Union (EU) and Canada in the event of anti-American cooperation between Ottawa and Brussels.