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Story summary
- U.S. tariffs have cost automakers $35.4 billion since 2025, with Toyota Motor Corporation facing $9.1 billion.
- The Detroit automakers absorbed $6.5 billion in tariff costs in 2025.
- Tariffs on European Union, Japan, and South Korea vehicles are 15%, and Canadian and Mexican non-U.S. parts are 25%.
- Tariff uncertainty has complicated production decisions, leading automakers to raise prices and reconsider locations.
- Automakers seek tariff stability to plan future production.
