Since taking office in January, President Donald Trump has floated the idea of implementing tariffs on a variety of goods imported from multiple countries. Thus far, the only tariff that has actually taken effect is an extra 10 percent levy on China, but tariffs on imported steel and aluminum are expected to join those soon. Previously, Trump put 25 percent tariffs on Mexico and Canada on hold temporarily as those countries continue to negotiate various terms, but as of right now, it looks like those levies are on track to potentially take effect very soon.
According to Reuters, an official in the Trump administration stated that the president's previous deadline of March 4th for 25 percent Mexico and Canada tariffs remains in effect "as of this moment," pending his review of the actions those countries are taking to secure their borders, as well as stop the flow of migrants and fentanyl into the U.S. Previously, both countries took additional actions to address those concerns, which is what prompted Trump to delay the new tariffs by 30 days.
As Ford Authority previously reported, Trump also plans on implementing a 25 percent tariff on all automobiles imported into the U.S. by April 2nd, along with reciprocal levies, which are aimed at leveling the global trading field. "So the big transaction is April 2, but the fentanyl-related things, we're working hard on the border," said Commerce Secretary Howard Lutnick. "At the end of that 30 days, they have to prove to the president that they've satisfied him in that regard. If they have, he'll give them a pause, or he won't."
All of these moves figure to impact Ford in various ways, and CEO Jim Farley has been quite vocal about Trump’s tariffs in recent weeks. After calling for more comprehensive tariffs and saying that these actions are causing “chaos” in the industry - adding that potential Mexico tariffs could “blow a hole in the U.S. industry that we’ve never seen” - the exec paid a visit to Capitol Hill to discuss these matters with the Trump administration. Following that visit, Farley voiced his support for Trump’s plan to place tariffs on all imported automobiles. At the same time, Executive Chairman Bill Ford has called for these tariffs to be more "predictable," while UAW workers have voiced concerns over how their jobs may be impacted.
Ford is prioritizing production of its more profitable ICE F-150 and Super Duty.
It looks like the build will make it to SEMA, after all.
It expects to recover around $1 billion of that next year, however.
$100 million less than Q2, at least.
And to make up for lost production caused by a supplier incident.
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Accelerating the next big excuse to gouge. Fake news also.
Not fake, Ford Hater
This new is real. Trump has the worse rating of all Presidents. He fired employees who voted for him. And his tariffs will increase inflation, so he lied.
What part are you claiming to be fake? The tariffs would hurt domestic auto manufacturers, as they import parts from Canada and Mexico. The 5.0 Coyote engine in the F-150 and Mustang are built in Canada. You would have to be completely out of touch with how the world works to not see this being an impact.
Trump posted on his own social network today that the Tariffs are on track for next week.
The "Could" in the headline would be due to Trump being well known for playing these games and waiting until the 11th hour before some extension of the pause or whatever else, but otherwise the article seems fine.
DOGE for the win!
I suggest you start saving your money.
Could be another negotiating tactic that requires some kind of submissive consolation prize, like a handshake or something. But Trump also says he wants to raise revenue for the government, so it's hard to know what the deal is. It'll be very destructive to the domestic automakers, but it's also a good time for them to downsize, cut costs and models, and focus on a much leaner business and more high margin products built in the US. Disruption does drive innovation, but lack of global competition always drives up prices too. Ford will likely have to exit Canadian production entirely because the cost of doing business there is already much higher than Mexico (and the US). Ford will probably have to raise prices on BS and Maverick, although I suspect the BS and Maverick could be scrapped once the EVs come online in Louisville.
Boris and Natasha worked for Chaos...Trump is chaos! Grab your ankles and hold on! The poke is gonna hard and big!
And save your money
Hear that whistling noise? It's the economy spiraling into the dump! Way to go Trump-ets!
F A F O! Farley is an a-hole
Bring back to USA and help us economy or pay the price. That's the message here, Ford