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Trump tariffs jolt Asian automakers — Toyota likely set for most pain

According to U.S. car marketplace Carpro, Asian automakers made up six of the top eight automakers in the U.S. by sales volume in 2024. Toyota took the top spot with 1.98 million vehicles sold during the year, beating domestic heavyweights Ford and Chevrolet.

The U.S. imported $474 billion worth of automotive products in 2024, including passenger cars worth $220 billion, according to Reuters.

A March 27 S&P Global Mobility report revealed South Korea was the second largest exporter of automobiles to the U.S. in 2024 with 1.4 million vehicles shipped, behind Mexico’s 2.5 million, while Japan exported 1.3 million.

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