Ford's CEO Finally Says The Quiet Part Loud About Tariffs
Ford CEO Jim Farley didn't mince words during the company's latest financial call on Wednesday. The Blue Oval's brand chief made it clear: if U.S. President Donald Trump enacts 25% tariffs on imports from Canada and Mexico, new car buyers will be the ones who end up footing Ford's higher bills.
Ford CEO urges Trump not to 'cherry-pick' tariffs as auto industry faces multibillion dollar threat
During Ford’s Q4 earnings call yesterday, Farley warned that prolonged tariffs on imports coming from Mexico and Canada, where Ford and rival GM ( GM) make vehicles, would have a "devastating impact" on the industry, with the potential for billions in profits to be wiped out.
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