Trump’s Illegal Tariffs Just Cost America $2.3 Billion — And European Buyers Get Nothing

Major automakers are filing claims for refunds totaling approximately $2.3 billion from the U.S. government. This follows a late February Supreme Court ruling that declared Trump-era tariffs on imported vehicles illegal under the International Emergency Economic Powers Act (IEEPA), according to Reuters.

While U.S. automakers stand to recover significant sums, European car buyers who paid higher prices due to these tariffs will receive no compensation.

• Ford: Claiming $1.3 billion, as disclosed in its quarterly earnings update.

• General Motors: Expecting $500 million related to import duties.

• Stellantis: Anticipating refunds of 400 million euros.