The impact of Trump’s 25% tariff on cars and computers

U.S. President Donald Trump’s decision to impose a 25% tariff on cars and auto parts will affect imports worth nearly $600 billion and expand it to all computer imports, including laptops. According to Reuters’ analysis, starting on May 3, after activating vehicle import tariffs at midnight, tariffs will affect nearly 150 categories of auto parts starting on May 3.

Also Read: Tesla Stocks Fall Amid Market Worries About Reciprocal Tariffs

The comprehensive list includes engines, transmissions, lithium-ion batteries and other important components, as well as cheaper parts such as tires, shock absorbers, spark plug wires and brake hoses. It is worth noting that including the four-digit tariff code of computers, which is the main import category worth $138.5 billion in 2024, is surprising. Data from the Indexbox platform highlights the significant impact this move may have on the U.S. import market.

Source: Index Box Market Intelligence Platform