Tariffs are costing global automakers an estimated $12 billion (and counting): The details— - It’s the largest disruption since the onset of COVID-19. - Net profit for the top‑10 non‑Chinese automakers is down ~25 % YoY. - Automakers are now facing two choices—raise prices or relocate production. The signal: The global auto market is fragmenting, and tariffs could push production footprints to be more regionalized. Here is the impact broken down by automaker… (Data/chart source: The Wall Street Journal)