As Ford Authority reported last week, President Donald Trump set a deadline for this past Saturday in terms of imposing 25 percent tariffs on Canada and Mexico in response to his ask for those countries to take action to halt the flow of drugs and illegal immigrants into the U.S. Trump also added that he was considering an additional 10 percent tariff on Chinese goods, adding to tariffs that former President Joe Biden slapped on that particular country in 2024. Now, those new tariffs are set to take effect on Tuesday, February 4th, which will certainly impact a number of goods, including some sold by Ford.
According to the Associated Press, Trump has officially signed an order that will result in 25 percent tariffs being placed on goods from Canada and Mexico, as well as an additional 10 percent on China. However, energy imported from Canada will be subjected to a lower tariff of 10 percent, which includes oil, electricity, and natural gas. With many automakers – including Ford – producing vehicles and other components in those countries and then importing them into the U.S., these new tariffs could impact pricing in a big way. Regardless, Ford CEO Jim Farley has thus far admitted that he isn’t worried about policy changes such as this.
“You have engines and car seats and other things that cross the border multiple times before going into a finished vehicle,’’ said Scott Lincicome, a trade analyst at the libertarian Cato Institute. “You have American parts going to Mexico to be put into vehicles that are then shipped back to the United States.”
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.
And setting a series record while they were at it.
Joining the F-150 Lightning, Escape, and Nautilus.
A clean way to add some additional lumens.
It's limited to just 25 total units of production.
Overall, automotive recalls are on the rise, too.
With an EREV powertrain, at least, at some point.
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Start saving your money folks.
I have absolutely no doubt that the tariffs will become the latest opportunity to gouge, regardless of the impact of them. Up go prices another $5K or more. And all discounts vanish.
Perfect example of how Trump has no clue about many issues including how the world economy works. Middle and lower income folks who voted for him...grab your ankles...the best is yet to come!
Good thing the Democrats got us lubed up and loosened then over the last 4 years.
Inflation started because of Covid, and Trump dropped the ball on that.
Took 4 years but it was finally getting under control.
Now Trump is back and first thing he does is this.
Could it be that Trump is a moron who doesn't know what hes doing? No. Its all the Dems fault. Clearly.
Sure. Only YOU believe that. Yes, the Dems that were in office were horrendous. Over 80mil ppl spoke at election. Deal w/it.
And those 80 million are dopes
Trump will destroy the economy. The loser has no idea how to run a country.
Perfect example of how you're a clown. Let's keep allowing companies and countries to rip off the USA so we can have cheap Mavericks, and Mach Es. That's a genius idea. The companies should have seen this coming years ago, and made a strategy shift. Doesn't take a genius to see the huge support MAGA had (and still does) in 2015 through 2024. Shame on politicians and companies for selling out the good old USA....not happening anymore. Taxes, energy, food, etc will come down very soon, and the rest will follow.
"SIEG HEIL" Mark, If ya know what that means??? I Suppose TRUMP is a Dictator Also??? The USA has been taking it up the Shorts for Many Many Decades Mark!!!! The USA Created this Issue Long Long Ago and No one has done anything to FIX those Issues! The USA "PAY'S" for Everyone's Problems World Wide, and THAT comes out of Your Pocket as well as everyone else's Mark. We need to Take Care Of "US" right here at HOME! We'd be far better Off than trying to FIX Everyone else's Problems Along with our's. We got enough Issues right here at HOME in the USA, let alone Spending TRILLIONS Of $$$$$$ On everyone else's Issues. How's that Working for us??? It's N O T.....
OK Mark B. Everyone voted for President Trump ..that votes anyhow. Over 80mil ppl. You leftists lookin for your "gotcha" moments stood behind ppl that did nothing & got us into this mess!
80 million rightie losers.
Bc he wants Canada & Nexico to help stem the flow of illegals and fentanyl into the country? 🤦🏼♂️
Meanwhile, this afternoon from WSJ:
Trump Tariff Updates: U.S. and Mexico Agree to Pause; Trump to Speak with Canada's Trudeau — Live News, Analysis
It worked w Mexico! Deal w it!
If the United States Of AMERICA would start Making "ALL" of our "STUFF" right here at Home we wouldn't be having these Issues!!!! PERIOD!!!! "MADE IN THE U S A"!! What the "H" do y'all "THINK" Caused all this Crap to Happen in the First Place??? The USA Continues to rely on CHILD LABOR from "Other" Countries and Folks..... It ain't working!! Make it right here at HOME in the UNITED STATES OF AMERICA!!!
Making all in the U.S. will cost even more. Would you build a car for less thsn $10 an hour? Thank the Unions for the higher prices. Yet the foreign companies build in the U.S. because they pay less per hour.
Unions aren't hurting anything. Labor is less than 7% of vehicles total cost. Now ya know. Your trolling. Foreign companies have minimal investment compared to Ford or GM. Facts.
To Mark B :
Trump is a billionaire with properties across the whole globe. He knows how the world economy works. Did not get to where he is at by being ignorant to what goes on in the world!!!
Why do you think he is enacting these tariffs?
US has been getting screwed for years by these countries, and he is going to straighten this out. Also, Mexico is nothing but being run by the Cartels, with China supplying most of the drugs coming into the US and killing people. He has explained this and why these tariffs are being enacted! All Mexico, Canada, China has to do is stop this, and he will lift the tariffs as he said. Guess you cannot understand his motives and enjoyed Biden and his crew screwing us for the last four years. You grabbed your ankles and let them do it to you and did not complain!!
He is not a billionare anymore. He owes over 500 million and has very little net worth now.
Forbes reported President Trumps net worth up recently at 6.8B. He takes no salary. He's best guy for job w/dream team administration unlike last 4yrs of Bidenbama. Your a troll.
All Trump knows how to do is bankrupt companies. Tell us about these.... Trump Airlines, Trump University, Trump Casinos, Trump Foundation, Trump Wine, Trump Vodka, Trump Steaks.
That's why I went ahead and bought a new car in November, The dealership was trying to get the 24's off the lot ASAP, and it had the last of the credits on it. I have a grand 1050 miles on it now, it will last through the next 4 years!
Things were better than they are starting to be now. At least they used Vaseline. Lol 😆
Gerrald:
Really, now you are using the Covid scam to justify inflation??
Please explain how Trump "dropped the ball " on this?
Covid was nothing but a scam by Democrats as yourself to steal the 2020 election, and line their pockets with Big Pharma money with the vaccines that did not work and ect. !
Also, who enacted the big American Rescue Plan who did nothing but start the inflation ball rolling when he got go in office and then backed it up with the Inflation reduction Act, which did zero also except to drive inflation up further?
Your pal Biden and his crew drove up inflation to where it is ! Remember who was in office last four years!!
Guess you forgot already! Yes, it was the Dems fault!
Hey Dave, you're an idiot. You "ain't got a clue".
Dave M. tRump has made his fortune by screwing others his whole life. He's not a businessman, he's a conman. This is his latest con. Notice that China is only having a 10% tariff imposed when he campaigned on a 100% tariff? Because Tesla get most of their components from China. China is the Fentanyl source. China is purchasing his crypto currency so our transaction dictator so he will punish others like Canada who purchases the most goods and services from us, because Trudeau didn't kiss hiss orangutan ass! Get out of the Fox fog and educate yourself!
trump has started many golf courses throughout the world and then left the people hanging when he quit. He is the worlds biggest con man.
He is also the only person to have a casino go bankrupt.
Oh, let's not forget, he is also a Convicted Felon. And, to think that he followers voted for him again. Seems a little like Jim Jones of the Peoples Temple. Remember him???
Hoping we can get congress to extend the Presidentcy to 3 terms. Trump for 3rd term! 💯
So much for NAFTA which was signed by Trump during his first term.
Now the battle with inflation is going to become more difficult.
Bidenbama pushed inflation to where it is currently. Renegotiating NAFTA was smart as are these tariffs. Leftist looneys must lie ..that's all they have.
Davey tell us about how Idiot Trump bankrupt his companies.
Hey touchhole, inflation was 2.8% when Biden left office. Now when it starts to rise under your orange pig, you and your ilk will blame Biden and Obama, right? Your orange pig is a total loser plain and simple. And you and your ilk are idiots voting for him.