đ„ âLuxury Car Tariffs Shock: Trumpâs 25% Fee Hits High-End Market!â
President Trumpâs 25% tariff on imported vehicles and auto partsâimplemented April 3âhas started to squeeze the luxury car sector. On June 16, Jaguar Land Rover paused shipments to the U.S. and warned of lower profit margins, reallocating inventory to other markets.
Analysts report luxury automakers like Porsche and Mercedes-Benz may lose up to âŹ3.4âŻbillion in earnings by 2026, pushing stickers up $3,000â$6,000 per vehicle for U.S. consumers.
In June, U.S. auto sales dropped to a one-year low, with buyers shifting toward more affordable brands as luxury prices stay elevated. With the July 9 deadline for tariff relief looming, luxury brands face growing pressure to adjust strategies.#TrumpTariffs