Published 1 month ago • loading... • Updated 29 days ago

Ford CEO says Trump's tariffs are causing 'chaos' in auto industry

Ford CEO Jim Farley stated that President Trump's tariffs are causing "chaos" in the auto industry, impacting costs and competition with foreign automakers.
Trump's 25% tariff on foreign steel and aluminum imports is expected to lead to over 177,000 job losses in America, according to a report from the Brookings Institution.
General Motors CEO Mary Barra mentioned that the company has been planning to mitigate the impact of tariffs since late November.
Farley warned that a 25% tariff on imports from Mexico and Canada could severely harm the U.S. Auto industry and benefit foreign competitors.

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Raw Story

Trump tariffs will 'blow a hole' in auto industry like 'we've never seen': Ford CEO

Ford CEO Jim Farley is warning President Donald Trump that his proposed 25 percent tariffs on Mexico and Canada are going to cause absolute havoc with the American auto industry.As reported by Wards Auto, Farley told a Wolfe Research investment conference this week that the auto industry so far has ...

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Ford CEO warns of 'a lot of cost and a lot of chaos' from Trump tariffs

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automotivedive.com

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Automotive news for industry leaders. Covering electric vehicles, autonomous vehicles, manufacturing, tech, supply chain, regulations & safety, labor, and more.

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