Automobiles are parked at the Port of Baltimore’s import lot, in Baltimore, Md., on May 7, 2025. Win McNamee/Getty Images
U.S. automakers have paid more than $10 billion in tariffs on vehicles and parts imported from Canada and Mexico so far this year, according to a new analysis by Anderson Economic Group—a cost that may already be influencing where companies build, as Stellantis’s recent move to shift production from Canadian to U.S. plants suggests.
In an analysis released on Oct. 16, Anderson Economic Group (AEG) estimates that automakers incurred $6.45 billion in duties through July and projects the total will top $10.6 billion by the end of October, after accounting for missing data and “unpublished corrections” issued by the U.S. Census Bureau.
