Mazda’s EV Strategy Is Changing Around the World
President Trump's tariffs have cost the automotive industry over $35 billion since their introduction, with Toyota being the hardest hit. The tariffs have led to price hikes and changes in production strategies for several automakers, including Porsche, Volkswagen, and GM.
President Trump's tariffs have cost automakers over $35 billion. Toyota will take a $9.1 billion hit in its 2026 fiscal year. The Big Three automakers were hit with a combined $6.5 billion in tariff expenses in 2025. Other automakers, including BMW, Honda, and Mercedes-Benz, also reported or expect tariff bills over $1 billion. The tariffs have led to price hikes and changes in production strategies. Some automakers are considering moving production to the US to reduce tariff costs.
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