Insignia Consultants | Trump's auto tariffs to cover more than $460 billion of US vehicle, parts imports
Trump's auto tariffs to cover more than $460 billion of US vehicle, parts imports
WASHINGTON, April 2 (Reuters) - U.S. President Donald Trump's 25% auto tariffs will cover more than $460 billion worth of imports of vehicles and auto parts imports annually, according to a Reuters analysis of tariff codes included in a federal register notice, opens new tab on Wednesday.
The update of Trump's auto tariff proclamation from last week included nearly 150 auto parts categories that will face tariffs starting on May 3, a month after Thursday's midnight activation of 25% tariffs on vehicle imports.
The list includes tariff codes for engines, transmissions, lithium-ion batteries and other major components, along with less expensive parts including tires, shock absorbers, spark plug wires and brake hoses.
But the list also includes automotive computers covered under the four-digit tariff code that includes all computer products, including laptop and desktop computers and disk drives. The category had imports of $138.5 billion in 2024, according to U.S. Census Bureau data.
The total U.S. vehicle and parts imports excluding this category was $459.6 billion. The value of automotive computers, which are essential components of every modern car and truck, including electric vehicles was not immediately clear because there is no separate tariff code for automotive computers.
