Since taking office in January, U.S. President Donald Trump has imposed an additional 10 percent tariff on goods imported from China, as well as 25 percent on steel and aluminum coming from other parts of the world, starting in March. However, Trump has also pushed back the implementation of 25 percent tariffs on Mexico and Canada – at least, temporarily – and has been mulling the idea of slapping levies automobiles imported from other markets into the U.S., too, according to a new report.
This news comes to us from Reuters, which reports that when Trump was asked about the possibility of automobile tariffs, he responded by saying “Maybe around April 2nd. “I would have done them on April 1st … But we’re going to do it on April 2nd.” Trump has previously mentioned that he wants to use these tariffs – along with reciprocal levies – as a tool of sorts to level the global trading playing field. For example, the European Union currently collects a 10 percent tariff on vehicle imports, while the U.S. passenger car tariff stands at just 2.5 percent – though pickups are subjected to a 25 percent tariff known as the “chicken tax,” which has been in place since 1964.
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 last week 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, regardless of where they’re coming from. “We applaud President Trump’s idea to look at all vehicle imports to the U.S., an important step forward,” Farley said. “Comprehensive trade policies are imperative to achieving the president’s vision to strengthen the U.S. auto industry.”
Comments
But Trump often changes his mind daily. The media needs to adjust to his mannerisms, fast.
If vehicles weren’t already way to expensive, this is going to destroy the automotive industry and the only people who will own a vehicle are rich wealthy people.
Man, the front end of the 25 Maverick is really bad. Deal breaker.
“On Day One, prices will FALL!”
——Nothing is falling except Don’s approval rating across several polling sources.
Don cares only about workers losing jobs that support America and her land, erasing entire groups’ identity, and bringing back plastic straws.
Oh—–and handing a sovereign nation to former Soviet thug, Vlad Poontang. I mean, Putin.
We may have thought you had promise, Don; but we realize now what you are.
Maybe you’ve forgotten but Putin getting portions of Ukraine happened on NATO/Biden/Zelensky’s watch! Putin Already HAS portions of Ukraine in his pocket. It was inevitable once they entered Ukraine and Biden and NATO stood by and watched it happen! They LITERALLY watched them line up at the border and said ‘don’t’. Putin said ‘Ohhhh scary’ and carried on. Just like iran and all its proxies! Find a new argument. You’re drowning.
King Tariff has lost his mind. We have 4 more years of this? God help us all.
Trump will protect Americans. Money was going to illegal immigrants rather than to Americans. The government was out of control. Give Trump a chance then vote for your voice. Building American buy American.
Wrong….. Trump will only protect Trump. He doesn’t give a crap about America or Americans.
Trump had chance. He was president once before and he was horrible.
You are a xenophobic! Trump’s grandfather was an illegal German immigrant. And 90% of all U.S. citizens, including myself, are descendents of immigrants!
BTW, Canada and Mexico are American nations, so they are all Americans, even more than you!
Wow, you call citizens of Canada and Mexico Americans. ? As I recall, I never saw one Canadian or Mexican fighting for America in Viet Nam ? You are delusional! I don’t think you would go over too well in a VFW. Maybe you should move to Mexico to live with your fellow Americans.
And Ford gave Donnie $1 million for his inauguration. Waste of money.
Would you guys really rather Kamala or Biden ? I’m retired Ford UAW and Viet Nam veteran and I think Trump will keep Americans first. My military brothers support trump . Trump doesn’t need money. Biden sold us out to China. Just my humble opinion. He and his family made millions.
You were taken in by propaganda.
Trump is broke! He owes more than 400 million, and got back into power to steal and make himself great again!
DOGE will save us!
DOGE is getting into IRS and Social Security personal records to see who is cheating. Do you agree to having your info go public by some British guy who was not elected?
Man, the front end of the ’25 Maverick is really nice. Deal maker.
chrysalis , I got it. Even though we don’t agree on the Maverick front end . . . You rebuttal is Funny. I think we both like Ford products though.