Automaker Ford Motor Co.’s (NYSE:F) CEO, Jim Farley, weighed in on President Donald Trump’s latest tariff measures affecting heavy-duty trucks, warning of significant financial impacts for the U.S. automotive giant, as well as the broader industry.
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The New Tariffs Are ‘A Really Big Deal’
Farley described the new tariffs announced last week as “a really big deal for our country and for Ford,” while noting that even though the company manufactures its heavy-duty trucks domestically, it relies heavily on foreign-made parts.
Trump’s Heavy-Duty Truck Tariffs A ‘$2 Billion Headwind’ For Ford, Says CEO Jim Farley: ‘It Really Restricts Our Future Investment’
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