President Trump recently introduced a 25 percent tariff on all foreign-built cars. That means any vehicles assembled outside the US could see a price hike Stateside, including those built in Canada and Mexico. Even foreign-made parts for vehicles assembled in the US will be subject to the tariff, according to a statement issued by the White House.
Revisiting the Kogod School of Business's 2024 American-made index, Tesla should benefit the most from these new tariffs. Each of Tesla's vehicles achieves higher than 80 percent in total domestic content.
Of the Big Three Detroit automakers, GM is the "worst positioned" under Trump’s new tariffs, according to JPMorgan analyst Ryan Brinkman. With nearly 40 percent of GM’s cars produced in Canada or Mexico, Brinkman estimates that the company could face a $14 billion hit in earnings.
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