Trump managed to cripple the automotive industry in record time.
When he was campaigning for re-election, Trump bragged about imposing high tariffs on the entire world and what a great benefit that would be for the average American.
Even our allies who enjoyed having a free trade agreement since 1930 were hit with tariffs when he slunk into office the second time around.
"Tariff shock" caused by Trump's stupidity has spread across the world causing a financial toll that has been swift and deep. The First Felon's boasts about saving his "beloved automobile industry" have come home like vultures hovering over a dying animal.
A car magazine, WardsAuto, reported the damage done to the industry has been horrific. The magazine pointed out that General Motors took a tariff hit of $3.5 to 4,5 billion in 2025. Ford absorbed an $800 million second-quarter blow. Volkswagen is bracing for a $5 billion impact.
In just the first seven months of Trump's term the car industry had collectively accumulated more than $25 billion in tariff obligations. That's roughly $5,200 per imported vehicle.
The U.S. software company ServiceNow and the UK multinational professional services network KPMG recently issued a joint white paper called, When Tariffs Hit an Industry in Transition.
KPMG managing director Len Prokopets, an expert on supply chains, explained that the tariffs "have created a three-dimensional crisis: direct cost increases on materials and parts, deteriorating supplier financial health, and a massive internal burden as OEMS must analyze, validate, and renegotiate thousands of individual supplier claims."
To be perfectly clear, the tariffs have done the opposite of what Trump promised.
The Court of International Trade Judge Richard Eaton is presiding over the case to determine how the Trump regime is going to reimburse the tariffs he illegally collected.
Deciding who should get a refund will undoubtably be a cluster-f**k. First, they have to decide what the price would have been had there been no tariff. It gets more complicated when you break down all the variables.
Our legal system will probably give the refund to the party that spends the most on lawyers instead of the one with best evidence, according to Karl Widerquist, an economist and philosopher at Georgetown University.
As it Stands, as for the American public who have absorbed the increasing prices, I don't see refunds coming anytime soon. Or ever.