Trump's Tariffs Are Costing Automakers Billions

The cost of President Trump's tariffs on the automotive industry has become clear now that automakers have filed their year-end financial statements. Brands like Toyota paid a staggering amount of money in tariffs over the last year. Automotive News analyzed automakers' financial reports and reported that tariffs have cost automakers at least $35.4 billion since last year.

The outlet's accounting was based on those same year-end financial reports from automakers and took into account tariff costs incurred in 2025...