U.S. Automakers
A tariff on these materials will impact automakers
what is steel and aluminum
The average price of U.S.-made vehicles is expected to rise by this amount due to tariff-related cost increases
What is $2,000
To reduce reliance on single suppliers or countries, automakers are adopting this strategy to minimize exposure to tariff-related price surges
What is supply chain diversification
Industry analysts estimate that up to this many manufacturing jobs could be lost in sectors reliant on steel and aluminum
What is 75,000
Tariffs will likely impact investment into this sector
what is EV development and autonomous driving tech
Higher tariffs on Chinese parts will likely cause this to rise for American buyers
what are car prices
Financial hedging tools to stabilise costs and mitigate currency fluctuations
hedging tools
New Trump tariffs will impose this percentage tax on all steel and aluminum in 2025
what is 25%
Some automakers are considering moving production closer to home to lessen tariff burdens, a strategy known as this
What is reshoring or nearshoring
To offset tariff costs, automakers might cut costs by reducing this
What are manufacturer rebates
Production adjustments to avoid tariffs
Reshoring and nearshoring: relocating production back to their home countries or closer regions to lessen tariff
What percentage of aluminum does the US import?
What is 50%
By making slight modifications to product classifications, automakers can qualify for lower tariff rates using this strategy
What is tariff engineering
U.S. consumers who want to buy cheap electric cars could be hurt by tariffs on this Chinese EV company, which is gaining popularity
What is BYD
Automakers are strategically adjusting their inventory levels by doing these two things
What is stockpiling materials ahead of tariffs and scaling back to reduce potential losses
Market price for hot-rolled steel has already increased by how much?
What is 50%