Huan Qiu Shi Bao·2025-10-19 23:08Core Points - The U.S. automotive market is experiencing significant policy changes with the announcement of new tariffs on imported trucks and buses, effective November 1, which includes a 25% tariff on light and heavy trucks and a 10% tariff on buses [1] - The White House has extended a tariff exemption plan for imported auto parts, allowing manufacturers to receive a 3.75% credit on vehicle retail prices until 2030, which aims to mitigate the impact of the new tariffs [1] - The adjustments come after months of lobbying from U.S. automakers, highlighting the ongoing sensitivity of the U.S. government to industry pressures [2][3] Industry Impact - Major U.S. automakers like Ford and General Motors are expected to face significant cost increases due to these tariffs, with GM estimating up to $5 billion in tariff-related costs and Ford projecting a $3 billion total loss [2] - The average transaction price for new cars in the U.S. has surpassed $50,000 for the first time, indicating a continuous upward trend in vehicle prices over the past year [3] - The tariffs may exacerbate the competitive disadvantage faced by U.S. automakers against foreign competitors, particularly as trade agreements reduce tariffs on imports from countries like Japan [3]