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riversedge

(76,814 posts)
Thu Jul 31, 2025, 09:52 AM 23 hrs ago

Ford said it expects Trump's tariffs to set it back $2 billion and hand Japanese automakers a 'meaningful' edge

Source: yahoo


Kwan Wei Kevin Tan
Wed, July 30, 2025 at 9:44 PM PDT 2 min read



Ford is projecting a $2 billion bill because of the Trump administration's tariffs.

That's $500 million higher than what it forecast last quarter.

Ford's CEO said Trump's reduced tariffs on Japan would give its automakers a "meaningful" advantage.

Jim Farley, the CEO of Ford, said on Wednesday that the Trump administration's tariff policy would saddle the automaker with a $2 billion bill while benefiting its Japanese rivals.


Read more: https://finance.yahoo.com/news/ford-said-expects-trumps-tariffs-044442868.html



I am glad to see Trump NAME in the headline regarding tariffs!!

Also--we know that this means higher prices for all who buy their cars --or their products.
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Ford said it expects Trump's tariffs to set it back $2 billion and hand Japanese automakers a 'meaningful' edge (Original Post) riversedge 23 hrs ago OP
What happened to made in America?......................... Lovie777 23 hrs ago #1
50% tarrifs on steel and aluminum RainCaster 23 hrs ago #3
Well Japan is making Toyota Trucks in Texas and cars in Kentucky Historic NY 22 hrs ago #5
Ford had plenty of blame here hueymahl 23 hrs ago #2
All true but the design and engineering in foreign cars is better too. twodogsbarking 23 hrs ago #4
Ford is a greater percentage operating in the US than GM and Stellantis. . . . nt Bernardo de La Paz 22 hrs ago #7
Ford gave Trump a $1 million bribe to pay for his inauguration. nt doc03 22 hrs ago #6
And if Dems ever get back in power kerouac2 22 hrs ago #8
This confirms what Paul Krugman has been saying all along. The media is going on about how the tariff's have not damaged Martin68 21 hrs ago #9
Make America Grit Its Teeth (MAGIT) struggle4progress 18 hrs ago #10
File lawsuits Ford. You can fight if you want to. JHC Evolve Dammit 18 hrs ago #11

Historic NY

(39,167 posts)
5. Well Japan is making Toyota Trucks in Texas and cars in Kentucky
Thu Jul 31, 2025, 10:31 AM
22 hrs ago

Honda in Ohio, Indiana, Alabama, Nissan in Mississippi, Subaru was in Indiana,

Toyota purposely moved the Tundra pickups to Texas, because thats where they could sell the most trucks. Haggerty had a film by one of their Correspondence Larry Chen in the plant. A Toyota Truck rolls off the line every 67 seconds. .
They built 230000 there last year, The sister Toyota plant is in Mexico.

hueymahl

(2,821 posts)
2. Ford had plenty of blame here
Thu Jul 31, 2025, 10:03 AM
23 hrs ago

They sent manufacturing and jobs overseas for years and have actively sought to diminish union power. They lobbied for favorable tax breaks to make this happen. Now politics are swinging in the other direction. Their pain is largely of their own making.

twodogsbarking

(14,662 posts)
4. All true but the design and engineering in foreign cars is better too.
Thu Jul 31, 2025, 10:09 AM
23 hrs ago

They defintely fucked up. Just look at what Detroit was and what it is now.

kerouac2

(1,211 posts)
8. And if Dems ever get back in power
Thu Jul 31, 2025, 10:39 AM
22 hrs ago

We will get lambasted when we try to help bail out all these companies in an attempt to repair the harm from these awful thugs. The folks working at Ford who we help will probably even vote against us...

Martin68

(26,236 posts)
9. This confirms what Paul Krugman has been saying all along. The media is going on about how the tariff's have not damaged
Thu Jul 31, 2025, 11:50 AM
21 hrs ago

the economy as predicted, but they don't realize there is a lag between the imposition of tariffs and the very real destruction they cause.

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