President Donald Trump has enacted executive orders imposing 25% tariffs on all steel and aluminum imports, which may significantly raise production costs for automakers already facing a challenging sales environment. Analysts estimate that these tariffs could increase vehicle costs by up to $1,500 due to the heavy use of these materials in manufacturing. While companies like Ford source most of their steel domestically, they may still feel the impact through increased supplier costs. Tariffs are also raising concerns among small- and medium-sized businesses about cash flow and inventory issues.

Source: https://www.supplychaindive.com/news/trump-tariffs-steel-aluminum-automotive-industry-production/739945/