Tundra trucks and Sequoia SUVs at Toyota's truck plant in San Antonio, Texas, in 2023. President Donald Trump’s tariffs will cost U.S.-based automakers at least US$10-billion through the end of October, a new analysis has found.

President Donald Trump’s tariffs on imported automobiles and parts from Canada and Mexico will cost U.S.-based automakers at least US$10-billion through the end of October, a new analysis has found.

The tally comes from a report by Anderson Economic Group (AEG), a consultancy based in East Lansing, Mich., that analyzed data supplied by the U.S. Census Bureau.

Patrick Anderson, principal of AEG, said automakers that have operations that span the North American borders are faced with a “huge bill.” The added costs will drive up car prices, reduce sales and cause a

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