Stellantis reports 2.3-billion-euro loss due to US tariffs

Leading multinational automaker Stellantis reported on Monday that the company faced a loss of 2.3 billion euros (about 2.7 billion U.S. dollars) in the first half of this year due to U.S. tariffs imposed by President Donald Trump's administration.

Headquartered in the Netherlands, Stellantis owns the brands Fiat, Peugeot, Chrysler and Jeep. The group said that the sales of its car brands in the North American market have continued to decline, with sales in the second quarter of this year dropping by 25 percent year on year.

On April 3 this year, the U.S. government announced a 25 percent tariff on imported cars. On the same day, Stellantis announced the suspension of production at its assembly plants in Mexico and Canada, and temporarily laid off 900 workers in Michigan and Indiana in the United States.

Stellantis reports 2.3-billion-euro loss due to US tariffs

Stellantis reports 2.3-billion-euro loss due to US tariffs

Stellantis reports 2.3-billion-euro loss due to US tariffs

Stellantis reports 2.3-billion-euro loss due to US tariffs

Stellantis reports 2.3-billion-euro loss due to US tariffs

Stellantis reports 2.3-billion-euro loss due to US tariffs

Stellantis reports 2.3-billion-euro loss due to US tariffs

Stellantis reports 2.3-billion-euro loss due to US tariffs

Stellantis reports 2.3-billion-euro loss due to US tariffs

Stellantis reports 2.3-billion-euro loss due to US tariffs

The Global Mayors Dialogue opened in Harbin, capital of northeast China's Heilongjiang Province on Tuesday, bringing together mayors and senior city officials from across Europe, Asia, and North America to have in-depth exchanges on practical approaches to developing the ice and snow economy.

Held under the theme "Connecting the World with Ice and Snow, Win-Win Cooperation for a Shared Future", the three-day event gathered mayors, deputy mayors, and mayoral representatives from cities across the globe, including Canada, Finland, Germany, Greece, the Republic of Korea, Thailand, and Türkiye, focusing on the ice and snow economy, cultural integration, smart city development, heritage preservation, and urban governance.

The event featured a main dialogue and a scenario-based dialogue salon to foster in-depth exchanges and spark new ideas. Guests are invited to visit iconic sites such as the Harbin Ice and Snow World and attend the opening ceremony and trade events of the Harbin Ice and Snow Economy Expo, which are showcasing Harbin's achievements in building an ice and snow economy brand, strengthening international exchanges and cooperation, and inheriting ice and snow culture.

Harbin, called China's "ice city", has turned its long, cold winters into a major tourist attraction. Last winter, it welcomed a record 90.36 million visitors, generating 137.22 billion yuan (about 19.44 billion U.S. dollars) in revenue, a year-on-year increase of 16.6 percent.

International mayors gather in Harbin to explore ice and snow economy