Published 14 days ago • loading... • Updated 11 days ago

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

Ford CEO Jim Farley stated that Trump's 25% tariffs on Mexico and Canada would 'blow a hole' in the U.S. Auto industry, benefiting foreign automakers from Asia and Europe instead.
Farley criticized the tariffs for causing 'a lot of cost and a lot of chaos' in the auto industry, despite Trump's intention to strengthen it.
European Commission President Ursula von der Leyen expressed regret over the U.S. Decision to impose tariffs on European steel and aluminum exports, vowing a 'firm and proportionate' response.
The tariffs, effective March 4, will apply to millions of tons of imports from various countries, including Canada, Brazil, and Mexico, and could trigger a trade war.

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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 ...

11 days ago·United States

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

By Chris Isidore, CNN The CEOs of Ford and General Motors said Tuesday that long-term 25% tariffs on all imports from Canada and Mexico would greatly disrupt their operations, as well as their profitability. Those tariffs proposed by the Trump administration are on pause right now. However, that hasn't stopped the automakers from preparing for their possible implementation in March.

12 days ago·Panama City, United States

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Gizmodo

Ford CEO Isn't Exactly Thrilled by Trump's Tariff Strategy

It's one of the first cracks in Trump's corporate shield.

12 days ago·United States

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4 Trump states are headed for layoffs, Ford CEO warns: ‘A lot of chaos’

Ford CEO Jim Farley reacted to Trump's plans for tariffs.

12 days ago·New Jersey, United States

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automotivedive.com

Tariffs on Canada, Mexico would devastate U.S. auto industry: Ford CEO

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

12 days ago

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