Stellantis, the maker of Jeep, reported that President Trump’s tariffs have cost the company nearly $350 million in the first half of 2025, with total losses expected to reach $2.7 billion due to tariffs, production cuts, and compliance costs.

North American sales dropped 25% compared to last year, partly due to reduced imports impacted by the 25% tariffs on vehicles and parts that began in April.

The tariffs forced Stellantis to pause production at plants in Canada and Mexico, leading to layoffs of 900 U.S. workers, ABC News has reported.

Despite some easing of the tariffs, Stellantis continues to feel the financial strain, with the company’s new CEO emphasizing a push for higher standards amid ongoing challenges.

Written by B.C. Begley