Stellantis Stock News

Prices hikes and fewer model options might be coming should the 25% tariffs persist.

Shares in foreign and domestic car companies are down since yesterday's market close after President Donald Trump announced his latest round of tariffs on Wednesday. Those tariffs include a 25% levy on automobiles imported into the United States.

John Elkann, the chairman of Stellantis , voiced concerns on Thursday over the impact of 25% U.S. tariffs imposed on the carmaking sector on the cost of vehicles and demand.

The announcement of a 25% tariff on foreign-made automobiles by President Trump has sent ripples through the global automotive industry, sparking a range of reactions. The tariffs, aimed at reducing reliance on foreign car imports and bolstering domestic manufacturing, are expected to have significant implications for both US and European automakers.

The scale of the damage depends on the circumstances of each company's supply chain.

Trump's 25% auto tariff shook markets, hitting stocks and sparking fears of a global trade war. UAW backed the move, while Tesla and foreign automakers warned of higher costs and job risks.

President Donald Trump said he would place 25% tariffs on "all cars that are not made in the United States." The tariffs apply to imported passenger vehicles and light trucks, as well as key automobile parts including engines and transmissions, the White House said in a fact sheet.

Tesla stock was rising in premarket trading Thursday, which looked set to be a bad day for the autos sector.