Stellantis Warns Tariffs Will Take €1.5 Billion Toll on Earnings

Stellantis NV sees tariffs setting back earnings by about €1.5 billion ($1.7 billion) this year as higher duties hit the Jeep maker’s already struggling North American business.

The manufacturer expects to incur the vast majority of that impact — around €1.2 billion — in the second half of this year, as US President Donald Trump’s tariffs raise the cost of procuring parts from outside the US. Slashing production of vehicles most affected by higher levies contributed to a 26% drop in North American net revenue during the first half.