Over the past couple of weeks, U.S. President Donald Trump has threatened to impose tariffs of 25 percent on goods imported from Mexico and Canada – though those are on hold, at least temporarily – all while slapping a 10 percent tariff on Chinese goods and 25 percent on imported steel and aluminum. As one might imagine, such moves stand to impact the automotive industry in a big way, and that includes Ford, which builds a variety of components and vehicles in other countries, not to mention the fact that it secures some raw materials from outside the U.S. As such, these tariffs are already causing problems for The Blue Oval.
“President Trump has talked a lot about making our U.S. auto industry stronger, bringing more production here, more innovation in the U.S., and if his administration can achieve that, it would be one of … the most signature accomplishments,” Ford CEO Jim Farley said during a Wolfe Research conference this week, according to CNBC. “So far what we’re seeing is a lot of cost, and a lot of chaos.” “We’ll have to deal with it. That’s what I’m talking about cost of chaos. A little here, a little there. … This is what we’re dealing with right now,” Farley added.
Farley did note that most of the steel and aluminum that Ford uses currently is sourced domestically, though some of its suppliers get those same materials from other countries, which could have an impact on costs. He noted that he’s more concerned about potential tariffs being implemented on goods coming from Mexico, which he said would prove “devastating” and “blow a hole in the U.S. industry that we’ve never seen.”
Interestingly, it was just a few weeks ago when Farley stated that he wasn’t concerned about any potential policy changes that Trump had in store – including tariffs – though it seems as if he’s changed his tune as of late. Just last week, Farley also called for more tariffs as well, stating his desire to see levies placed on countries such as South Korea and Japan, which export millions of vehicles to the U.S. each year.
Comments
Isn’t that what the American voters voted for? Chaos? It won’t be long now before prices on just about everything start to soar. Wasn’t Trump supposed to bring prices down? All I’ve seen is prices going up…way up. But I guess that’s what the voters voted for. They think vehicles are expensive now…ohhh…just wait. You ain’t seen nothing yet!!!
Ten Thousand snaps up from the peanut gallery.
Always happy to watch traitors lose business.
If they can’t afford to employ Americans they have no business calling themselves an American company.
You say that but you’d also complain about the price of those vehicles if they were made in the US.
Yawn, lame.
You’re right Mark, we need to put the Biden Crime Family back in charge. They did a great job.
Instead you put in the Trump Musk crime family
They did actually. US recovered from COVID and pushed inflation down to sub 3% that nearly any other country.
Thats on top of the CHIPs act and infrastructure bill.
Most the stuff people complain about is actually due to corporate greed which the president doesn’t have control over. Though Kamala ran on wanting to pass measures they could he controlled and regulated……but that’s regulation and evil to Republicans …so here we are with egg prices still going up.
Quality control issues that Failure Farley won’t address are also causing chaos. Ford stock price is down 27.37% from a year ago, that should justify having Failure Farley fired.
GFY Farley. I bought a Lincoln 17 months ago thinking I was buying premium. Wrong. Your so called Quality sucks big time. The word quality and Ford shouldn’t ever be used in the same article. I’m looking at Honda now, soon this nightmare will be over.
Stop you whining Suzy
So 17mo ago you didn’t think to Google reliability ratings and reviews?
If Ford made everything here, Jim wouldn’t be worried about tariffs.
And you’d be complaining about prices.
DOGE!
DOGE SH!T
The problem is these auto companies want things both ways. Trump lifted the onus of billions of dollars of regulations, but they complain if the cost to produce a $50,000 vehicle goes up a couple hundred dollars if that. And before anyone says I’m going to complain if the price of the vehicle is higher forget it. I do not mind paying a little bit more for a vehicle that is assembled in the United States with United States parts employing United States workers. I think this country went downhill when we stopped looking out for our neighbor. If my neighbor is prosperous because he’s got a good job I and others eventually will be prosperous too.
You shouldn’t have to pay more. Company owners just shouldn’t be making millions even if they daily their company.
The product quality should be job 1, not making investors profits.
Also if people in America were paid properly the prices wouldn’t seem so bad, but since the late 70’s pay has gone up well short of inflation.
Mr. Farley I’m a long time Ford customer & really think you’re misguided. You spent too much time & money on the EV market. It will have it’s day but it should be approached guarded. The American public just hasn’t bought into it on a major basis. Secondly you need to bring assembly back to the USA.
Those EVs are why they are able to make the Raptors and keep a V8 mustang.
They offset the brands overall MPG average.
Dodge ignoring that is why their parent company got tired of paying fines for never meeting regulation and why they had to drop their V8, and why the Tonale is being sold as a Hornet to bring MPG averages up.
Just really too bad many of these comments don’t make their way to the the 14th floor at WHQ. The “chaos” Mr Farley speaks of is self-inflicted. Y’all made the decisions to source overseas so you could continue to capture those big bonuses. Perhaps time to start thinking long term. The American worker makes a quality product. Trust them.
Tell the shareholders. They are the ones pushing for profit at all costs. A CEO’s job is to keep the shareholders and board happy. That’s all.