Automotive Tariffs to Mexico and Canada Exceed US$10 Billion: Study

In the first 10 months of the year, automotive companies operating in the United States have spent more than US$10.6 billion on tariffs on light vehicles and auto parts imported from Mexico and Canada alone.

This is according to estimates by the consulting firm Anderson Economic Group, based in East Lansing, Michigan, which analyzed data from the U.S. Census Bureau available through July of this year and made calculations for August, September, and October.

According to this data, in the first seven months of 2025, tariffs on light vehicles imported from Mexico amounted to more than US$3.3 billion, while taxes on auto parts were slightly below US$1.3 billion.

During the same period, the payment for the import of units produced in Canada was US$1.465 billion. In contrast, the amount payable for Canadian auto parts was only US$385 million.

With these figures, the amount paid for light vehicles and auto parts from Canada and Mexico from January to July was US$6.453 billion. Anderson Economic Group projects that, if the pace of costs continues for the next three months, the amount of tariffs paid will rise to US$10.621 billion.

“This is a huge tariff bill for U.S. automakers that have integrated their production with plants in Canada and Mexico,” said Patrick L. Anderson, president and CEO of Anderson Economic Group.

“Even this figure underestimates the total cost of tariffs, as it only includes the two main categories of motor vehicle imports and does not include separate tariffs on steel and aluminum, or imports from Europe or Asia,” he added.

“There is no way that automakers and their suppliers will absorb US$10 billion on their own. Consumers and workers will bear part of these costs,” the executive concluded.