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Fortune

Christiaan Hetzner

Trump tariffs could 'wipe out' profits for GM, Stellantis and Ford, says analyst, and not even Tesla is entirely safe

Ford Stellantis Tesla Inc. Donald Trump GM Barclays Mexico United States Elon Musk Canada

US President Donald Trump in the Oval Office of the White House (Credit: Aaron Schwartz—CNP/Bloomberg via Getty Images)

Imposition of Trump's 25% tariffs risks putting intolerable pressure on Detroit's carmakers, according to Barclays investment bank. If left in place, such high import duties would make their North American-centric businesses structurally unprofitable.

President Donald Trump’s tariffs on Canada and Mexico are so punitive, the Detroit Three carmakers could see, in a worst-case scenario, their collective profits obliterated entirely.

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