The impact of semiconductor tariffs on automotive costs: A quantitative analysis
Amid the flurry of executive orders, on February 18, 2025 US President Donald Trump signposted that he was considering the addition of tariffs to imported semiconductors. Using S&P Global Mobility's newly-developed ECU forecast service this analysis details the additional cost to be borne by automakers or car buyers if semiconductor tariffs are imposed.
Amid escalating trade tensions, US President Donald Trump has intensified pressure on key industries with a series of executive orders, ordering a review of US trade agreements and signaling further tariffs on automotive, semiconductors and pharmaceuticals. With a potential 25% tariff on all imported vehicles and new steel and aluminum tariffs set to take effect on March 12, 2025, the automotive sector faces mounting uncertainty.
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