US President Donald Trump imposed a 25% tariff on imports of passenger vehicles, light trucks, and certain automotive parts (engines, transmissions, powertrain parts, and electrical components, among them) on March 26, 2025. He also announced a more comprehensive set of “reciprocal tariffs,” starting at 10% on almost all goods from most countries.

Subsequently, although the core 25% tariffs on imported vehicles and parts were retained, President Trump temporarily suspended several additional retaliatory tariffs and delayed tariff implementation on United States-Mexico-Canada Agreement (USMCA)-compliant automakers and goods.

• What megatrends in global trade and policy shifts are reshaping the growth prospects for US EV manufacturers?
• How can your team close growth gaps created by increased reliance on imported lithium-ion batteries and rare earths?
• What best practices can be adopted to balance supply chain restructuring with continued innovation in electrification?