Ford Warns of Billions in Losses Due to Trump Tariffs

Ford Motor Company is bracing for significant financial losses if President Trump's proposed tariffs on imports from Mexico and Canada take effect. CEO Jim Farley warned that the tariffs could cost the automaker billions of dollars.

The tariffs, which are set to be implemented on Monday, would impose a 25% duty on imported vehicles and parts from Mexico and Canada. Ford, which relies heavily on these regions for its supply chain, has already cut its earnings forecast for 2025 due to the potential impact of the tariffs.

The Trump administration has justified the tariffs as a means to protect American jobs and reduce the trade deficit. However, critics argue that the tariffs will ultimately harm the U.S. economy by raising prices for consumers and businesses.

The auto industry is on high alert, with many companies expressing concerns about the potential impact of the tariffs. The tariffs could lead to job losses, higher prices for consumers, and disruptions to the global supply chain.

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