Automakers can’t figure out what the hell is going on with Trump’s tariffs
New Kia vehicles at the Port of Seattle in Seattle, Washington, US, on Wednesday, April 16, 2025. It started last week with Tesla , followed quickly by General Motors , Mercedes-Benz , and Volvo . Automakers across the spectrum are pulling their profit guidance for the year because they can’t figure out how to accurately plan for the future thanks to President Donald Trump’s ever-shifting tariffs . The auto industry is paralyzed by uncertainty. Stellantis, the parent company of Jeep, Dodge, and Ram, also recently scrapped its outlook for the year, with Chief Financial Officer Doug Ostermann telling analysts, “Most of us are in a period of waiting for a bit more clarity,” according to Reuters . The lack of clarity was even more stark this week, as Trump signed a new executive order walking back some of the tariffs he had just imposed. Now car companies that pay a 25 percent tariff on auto imports won’t have to pay other levies, like on steel and aluminum, or on certain imports fro...