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

05/31/2025, 12:47 AM
businessinsider.com

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

Tasos Katopodis via Getty Images

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

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