The tariffs on vehicles and auto components that President Trump introduced on Wednesday can have far-reaching results on automakers in the USA and overseas.

However there will likely be essential variations based mostly on the circumstances of every firm.

Tesla

The corporate run by Mr. Trump’s confidant, Elon Musk, makes the vehicles it sells in the USA in factories in California and Texas. Because of this, it’s maybe the least uncovered to tariffs.

However the firm does purchase components from different international locations — a couple of quarter of the parts by worth in its vehicles come from overseas, based on the Nationwide Freeway Site visitors Security Administration.

As well as, Tesla is fighting falling gross sales all over the world, partially as a result of Mr. Musk’s political actions and statements have turned off average and liberal automotive consumers. Some international locations might search to retaliate towards Mr. Trump’s tariffs by concentrating on Tesla. Just a few Canadian provinces have already stopped offering incentives for purchases of Tesla’s electrical automobiles.

Basic Motors

The most important U.S. automaker imports lots of its greatest promoting and most worthwhile vehicles and vehicles, particularly from Mexico, the place it has a number of massive factories that churn out fashions just like the Chevrolet Silverado. Roughly 40 p.c of G.M.’s gross sales in the USA final 12 months have been automobiles assembled overseas. This might make the corporate susceptible to the tariffs.

However not like another automakers, G.M. has posted robust earnings lately and is taken into account by analysts to be on good monetary footing. That would assist it climate the tariffs higher than different firms, particularly if the import taxes are eliminated or diluted by Mr. Trump.

Ford Motor

Ford is far much less reliant on imported vehicles than lots of its rivals. It makes about 80 p.c of the automobiles it sells in the USA within the nation. Because of this, it might be comparatively insulated from the 25 p.c tariffs on imported automobiles.

However the firm continues to be depending on international factories for main components like engines. A Ford manufacturing facility in Ontario, for instance, makes engines for a few of its pickup vehicles. Ford has been dropping billions of {dollars} on electrical automobiles. Considered one of its three battery-powered fashions, the Mustang Mach-E, is produced at a manufacturing facility close to Mexico Metropolis.

Stellantis

The corporate that owns Chrysler, Dodge, Jeep and Ram, makes use of abroad factories, in Mexico particularly, to assemble some well-liked fashions like Ram pickup vehicles. One other mannequin, the Chrysler Pacifica minivan, is made in Ontario.

Stellantis, which was created by the 2021 merger of Fiat Chrysler and Peugeot, has additionally been fighting sluggish gross sales and is trying to find a brand new chief govt. These challenges put the corporate, together with some others like Nissan, at better danger, particularly if the tariffs keep in place for months or years.

Toyota

Like different Japanese automakers, Toyota could be very depending on the USA and offered 2.3 million vehicles within the nation final 12 months. About a million of these automobiles have been made in different international locations, lots of them in Canada, Mexico and Japan. That may very well be a giant downside for the corporate and automakers like Subaru and Mazda, with which Toyota works intently.

However Toyota, the world’s largest automaker, is in a greater place than different automakers. It’s worthwhile and regarded by analysts to be one of many best-run firms within the world auto business.

Volkswagen

Europe’s largest automaker may very well be actually harm by tariffs as a result of it has only one manufacturing facility in the USA, in Chattanooga, Tenn., the place it makes the Atlas and ID.4 sport utility automobiles. It imports lots of its vehicles, together with Audis and Volkswagens from Mexico and Porsches from Germany.

The corporate has struggled financially lately as a result of its gross sales have fallen sharply in China, the place home automakers have grown rapidly by introducing a lot of inexpensive electrical and hybrid automobiles. Volkswagen had hoped to make inroads in the USA, however Mr. Trump’s newest tariffs might make that troublesome process even more durable.

Hyundai and Kia

The South Korean stablemates have made spectacular gross sales positive aspects in the USA lately. The businesses have additionally invested in a brand new electrical automobile manufacturing facility in Georgia that’s beginning to improve manufacturing, which might assist them keep away from tariffs on some fashions.

On Monday, Hyundai’s govt chair, Euisun Chung, introduced on the White Home with Mr. Trump that his firm would make investments one other $21 billion in the USA, together with in a brand new metal manufacturing facility in Louisiana. Though Hyundai and Kia now have three factories in Georgia and Alabama, they will be unable to keep away from tariffs on the tons of of 1000’s of vehicles they import into the USA. Lots of these automobiles got here from South Korea, which negotiated a commerce settlement with the USA in 2007 that was up to date throughout Mr. Trump’s first time period.