27May2025

U.S.AutosAutoParts

GlobalAutos:PunchedbytheTariffMan-Mappingtheglobal

painofAmerica’sautotariffs

GlobalautoOEMsarefacinganewwaveofU.S.automotivetariffs,withimpactsvarying

DanielRoeska

+191734485significantlybyregion.Fromthetariffsimplementedsofar,JapaneseOEMsfacethemost

daniel.roeska@significantheadwinds,withestimatedsector-wideoperatingprofitdeclinesof~42%.In

contrast,U.S.andEuropeanautomakershadappearedmoreinsulatedthroughexemptions,

MasahiroAkitastrategicwithdrawal,orlowerexposure.However,recentsparringbetweentheU.S.

+81366998

masahiro.akita@administrationandEuropeincludingthethreatofanew50%tariffonEUgoodsposes

newrisksforEuropeanOEMsontransatlantictrade.Inthisupdate,wecompareregional

VenugopalGarreeffectsandOEM’sdisclosuresfromrecentweeks.Usingthecurrenttariffregime,weremain

+6563267643positiveonselectnameswithminimalexposure,soundmitigationstrategies,andstrong

venugopal.garre@

pricingpower.

EuniceLee,CFA

U.S.tariffshitJapaneseOEMshardest.WhiletheU.S.hascarvedoutoffsetsfor

+85221232606

eunice.lee@domesticOEMs,JapaneseOEMareexposed.Afterincorporatingimportadjustmentoffsets,