06-03-2025
Automaker tariffs adjusted: What it means for Northeast Ohio
CLEVELAND (WJW) – The Greater Cleveland Automobile Dealers' Association reacted to President Donald Trump's one-month exemption for U.S. automakers in the midst of his new tariffs on imports from Mexico and Canada.
'Dealerships can't do much at this point because the cars on the ground are already built, but the future is a concern because of the cost of the vehicle,' said Lou Vitantonio, president of the association.
City of Euclid condemns 26 buildings in apartment complex
GCADA represents 285 dealerships in 23 counties in northern Ohio
'Any way you cut this up, there will be increased costs of the vehicle or the manufacturers will have to try and find a way to not pass that cost on,' said Vitantonio.
The lifeline comes after Trump spoke with leaders of the 'Big Three' automakers — Ford, General Motors and Stellantis — on Wednesday.
So, how much could prices go up?
Video: Owners surrender hundreds of roosters, chickens allegedly used for cockfighting
Vitantonio said it would vary by automaker, depending on their exposure to Canada and Mexico manufacturing.
'We have 30 days. It's for manufacturers to comply with that Mexico-Canadian agreement Trump put in place a number of years ago. This pause means an opportunity for talks, 'said Vitantonio.
According to the association, over 100,000 people in northern Ohio are employed by the auto industry and would be directly affected by the change.
In the meantime, Vitantonio said now is the time to buy to avoid a potential massive tax on vehicles.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
