Looming tariffs on imported cars could mean more than just higher prices for buyers and lower profits for automakers – it could also mean layoffs for American autoworkers.
The automaker's Belvidere Assembly Plant is expected to be revived amid President Trump's tariffs and recent UAW pressure.
Trump's auto tariffs are expected to hit virtually all automakers, including American companies that assemble cars in the U.S.
Stellantis, whose brands include Jeep, Chrysler, Dodge and Ram, among others, is similarly susceptible to rising costs from the tariffs, as it makes between 73%-75% of vehicles for sale in the U.S. stateside, according to Cox Automotive.
All three Detroit automakers, along with others, build vehicles in Canada and Mexico that will face tariffs imposed by Trump.
New Jersey was once home to the largest automobile assembly plant in the U.S. Here's what to know about Trump's auto tariffs, and its impact on you.
As news quickly spreads of President Donald Trump's 25% tariffs on imported auto parts, concern moves through some local car dealers.
President Donald Trump announced steep tariffs on automobile imports Wednesday, an economic punishment intended to push more cars down American assembly lines.