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North American automakers faced a sharp increase in tariff duties on imported vehicles in July. Analysis by Anderson Economic Group reveals more than $1.1 billion in tariffs was imposed on assembled vehicles from Canada and Mexico, and another $276 million was levied on auto parts, in the month of July 2025. In total, $1.389 billion in tariff duties was imposed on cars and auto parts from both countries. The data are from the respected Anderson Economic Group (AEG). (Read AutoInformed.com on Tariffs – Trump’s Next Economic Disaster Looming)
“Tariffs hit North American automakers hard in July,” said Patrick L. Anderson, Principal & CEO of Anderson Economic Group. “The automakers made extensive use of temporary allowances that effectively allowed an exemption for the majority of both parts and vehicles through June. That changed in July for assembled vehicles, and we can expect that these costs will become embedded into the prices consumers are paying in the very near future.” Continue reading
Gasoline Prices Stable as Summer Travel Ends
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There remains an abundance of crude oil supply which is outweighing demand, AAA said today. (Read AutoInformed.com on: AAA – Pump Gasoline Prices Remain Steady)*
“The national average for a gallon of regular is down about a penny to $3.19. There remains an abundance of crude oil supply which is outweighing demand. The seasonal transition to winter-blend gasoline – which is cheaper to produce – is also beginning. While the national average has been relatively stable, drivers in the Pacific Northwest are feeling pain at the pump. Gas prices in the area have jumped more than 20 cents in the past week due to the shutdown of a major pipeline that transports fuel from Washington to Oregon. The pipeline is reportedly expected to resume operations in a few days,” said AAA.** Continue reading →