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    CRU

    May 9, 2025

    CRU: Tariffs set to dampen global auto growth

    Written by David Leah

    Key takeaways

    Global Production: The recently announced US tariffs on vehicles and key components from all markets are expected to significantly disrupt global production. We have significantly revised our outlook downward for the short to medium term. Markets with high exposure to the US, such as Mexico, Canada, South Korea, Japan, and Europe, are likely to experience weaker output. China, India, and Brazil are expected to drive global growth this year.

    David Leah

    Read more from David Leah

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