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

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

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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.