Throughout his campaign, now-President Donald Trump batted around the idea of imposing tariffs on goods imported from countries including Canada and Mexico, and shortly after taking office, he announced that he did indeed plan on implementing tariffs of 25 percent on those goods. Given the fact that several automakers – including Ford – build vehicles in those countries and sell them in the U.S., such a move would obviously impact those companies, as well as potentially consumers, who could wind up paying the extra cost themselves. As of now, these proposed tariffs are set to take effect tomorrow, February 1st, making such a scenario seem quite possible at the moment.
According to Reuters, Trump set a deadline for Saturday in terms of these 25 percent tariffs taking effect, amid demands that Canada and Mexico take action to halt the flow of drugs and illegal immigrants into the U.S. Trump also added that he’s considering an additional 10 percent tariff on Chinese goods, adding to tariffs that former President Joe Biden slapped on that particular country in 2024.
As of now, it’s unclear how or when these tariffs may be implemented – Trump could make them take effect right away, or perhaps decide to delay their implementation to allow businesses time to adjust, or for additional negotiations to take place with the countries in question. Regardless, it would take around three weeks for U.S. Customs and Border Protection to reportedly begin collecting tariffs, even if Trump decides to implement them immediately.
Such tariffs could certainly impact the prices of some of Ford’s more affordable models, as most of them – the Ford Maverick and Ford Bronco Sport, along with the Ford Mustang Mach-E – are built in Mexico, currently, which isn’t terribly convenient as The Blue Oval is looking to ramp up production of those same vehicles amid consumer demand. Some have also warned that these tariffs could severely disrupt the automotive supply chain, and at least one of Ford’s biggest suppliers has stated that it will pass those costs down to its customers. Back in 2018, tariffs imposed on China also prompted Ford to cancel plans to bring the Focus Active to the U.S., too.
The same parts present on models without a spoiler.
It has begun a small pilot program.
It experienced quite a lot of success on the track.
Some big changes may be in store.
They remain rather high, comparatively speaking.
Special lease deals available on the rugged crossover.
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The auto industry would collapse, followed by the entire economy. Batten down the hatches!
... having an educated opinion and being correct are two different things.
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Yeap ask Trump about that.
The crazy Democrat looney person who stated the assassin comment should be banned from this site
I SECOND THAT IDEA THROW MIKE OFF!!!
What a horrible comment. Guess you are one of the fascist looney democrats with no grip on reality
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MIKE I HOPE YOU GO TO JAIL!!!!!!!
IMHO, Ford and GM need to suffer. They moved plants to Mexico to increase profits but not lower prices for the American consumer. Now they are crying on my shoulder! They deserve all they get!
And for the piece of trash who responded above, if you don't like this country then get the hell out!
Get your head out of your ass. It’s a world market and has been for decades. And it will continue to be.
It's one thing to build plants where the product is sold. It's another to build plants in low wage countries and export 90 percent of their production to the US like GM dies.
Sure, he’s a successful business person? More like he knows how to destroy them! After 6 major bankruptcies, people still for some reason think he knows how to a business…maybe into the ground!
There is only 1 person that had a casino go bankrupt, and he is also a convicted felon and now President.
Trump promised to eliminate inflation. Now he is creating more! You wanted him as President? If you did, you get what you want! I cannot vote for President even if I am a New Yorker. I am very ashamed he was also a New Yorker, but fled to Florida to avoid getting taxed and sentenced. The satisfaction of him getting convicted by New York is extremely pleasent!
...nice going asshole...Secret Service will be contacted shortly...so easy to put your ass where it belongs....