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F-FORD MOTOR CO

Ford Motor Co. CEO Jim Farley Warns Proposed Tariffs on Imports from Canada and Mexico Could Devastate U.S. Auto Industry

Thursday

27 February, 2025

As the U.S. auto industry faces potential upheaval from proposed tariffs, Ford's CEO Jim Farley raises alarms about the financial toll on consumers and jobs. With a critical moment ahead, can the industry adapt to safeguard its future amidst these challenges?

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Key Takeaways
  • Proposed automotive tariffs could impose a 25% levy on imports from Canada and Mexico, significantly impacting Ford's financial outlook.
  • CEO Jim Farley estimates these tariffs may lead to $60 billion in additional costs and increase vehicle prices by $3,000.
  • Ford faces heightened risks in a turbulent political climate and escalating production expenses.
  • The absence of a clear tariff strategy may hinder Ford's competitiveness against foreign manufacturers like Toyota and Hyundai.
  • Market share and profitability for Ford could be threatened if these challenges are not addressed effectively.
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