Stellantis NV is recalling more than 1 million Jeep vehicles in the U.S. over an electrical issue that could result in a fire, saying that owners should park outside and away from other cars until the problem is fixed.
The issue stems from potential overheating in wiring for the electric hydraulic power steering pump in certain Jeep Wrangler and Gladiator vehicles, according to documents posted on the U.S. National Highway Traffic Safety Administration website. That can lead to a fire even when the vehicle’s ignition is turned off.
The recall affects more than 787,000 Wranglers and 289,000 Gladiators from the 2021 to 2025 model years, according to the documents. About 254,000 additional vehicles will be subject to recalls outside the U.S.
The action was taken “out of an abundance of caution,” Stellantis said in a statement Tuesday. The automaker “is working diligently to accelerate remedy availability and anticipates a solution no later than July.”
Stellantis began investigating the issue in 2023 but closed the probe because of a low rate of incidents. NHTSA opened a separate investigation in 2024. The company is aware of one injury potentially related to the problem and no accidents.
Separately, Stellantis recalled about 17,000 Chrysler Pacifica plug-in hybrid minivans over a battery pack issue that could cause a vehicle fire. The company said the risk is reduced when the battery charge level is depleted, so owners should refrain from recharging until the issue is fixed.
U.S. refunds $22B in tariffs, canceling customs revenue
The U.S. Treasury refunded nearly $22 billion in tariff revenue collected from importers in May, the first swath of such repayments since the Supreme Court struck down a major component of President Donald Trump’s trade policy.
The amount was roughly equal to tariffs taken in during the month, according to a Treasury Department statement Wednesday, meaning that refunds essentially cancelled out the government’s duties revenue.
Overall, the deficit narrowed to $1.25 trillion for the first eight months of the fiscal year, representing a 9% decline from the same period last year.
The administration began processing refunds in April after the Supreme Court ruled that President Donald Trump didn’t have the authority to impose tariffs using the International Emergency Economic Powers Act. But the eventual extent of the reimbursements remains uncertain after the administration appealed a court order to refund every importer who paid the $166 billion collected under IEEPA authority.
Trump weighs ending Canada-Mexico trade pact
President Donald Trump threw nascent trade talks with Mexico and Canada into disarray Wednesday, saying he wasn’t sure he would renew the pact that has shaped the North American economy over the past three decades.
Asked about the ongoing process to renew the free trade deal between the United States, Mexico and Canada, Trump sounded off Wednesday: “I don’t know that I’m going to renew it.”
He went on to repeat claims that the United States had no need for Canada or Mexico, the country’s two top trading partners. The three-nation agreement underpins $2 trillion in annual trade and has, over the years, knitted several economic sectors across the borders together.
“We don’t need anything that Canada has, we don’t need anything that Mexico has, but they need everything that we have,” Trump said in the Oval Office, adding, “We don’t need their cars, we don’t need their lumber, we don’t need their energy, we don’t need anything that they have.”.
Compiled from Bloomberg and New York Times reports.