Automaker warns of massive hits to earnings from President Trump's tariffs, as it take steps to build more vehicles in U.S.

Stellantis has outlined the sizeable impact of US tariffs – which apply to imported vehicles and parts – on its business. The company expects tariffs to reduce its earnings by around €1.5bn this year – with the bulk of that sum incurred in the second half. It also said it is adjusting production to optimise tariff mitigation impacts.