The Trump administration's tariffs on imported automobiles have cost automakers $35 billion since 2025, according to Automotive News. The report found that while the tariffs are intended to encourage more U.S. production, uncertainty surrounding the constantly changing taxes has made it difficult for automakers to commit to bringing production in the United States. Toyota is the most impacted by the tariffs, with a projected $9.1 billion in tariff-related costs for the 2026 fiscal year. The costs have not been evenly distributed among automakers who rely heavily on overseas production and source crucial parts from abroad for their U.K. assembly. The tariff's biggest impact was on Toyota, which projected ¥1.45 trillion in costs for 2026.