The automaker anticipates an impact of about 300 million euros for net tariffs incurred, and also expects planned production losses related to implementing its response plan.

Stellantis, the maker of Chrysler, Jeep and Ram vehicles, reported a big loss on Monday, which it blamed, in part, on President Trump’s tariffs.

The company also cited a roughly €300 million hit from U.S. tariffs as it lost production and responded to higher duties.