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

[riversedge]

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.

[Lovie777]

1. What happened to made in America?.........................

[RainCaster]

3. 50% tarrifs on steel and aluminum

Far lower tarrif on Japanese imports.

[Historic NY]

5. Well Japan is making Toyota Trucks in Texas and cars in Kentucky

Honda in Ohio, Indiana, Alabama, Nissan in Mississippi, Subaru was in Indiana,

Toyota purposely moved the Tundra pickups to Texas, because thats where they could sell the most trucks. Haggerty had a film by one of their Correspondence Larry Chen in the plant. A Toyota Truck rolls off the line every 67 seconds. .
They built 230000 there last year, The sister Toyota plant is in Mexico.

[hueymahl]

2. Ford had plenty of blame here

They sent manufacturing and jobs overseas for years and have actively sought to diminish union power. They lobbied for favorable tax breaks to make this happen. Now politics are swinging in the other direction. Their pain is largely of their own making.

[twodogsbarking]

4. All true but the design and engineering in foreign cars is better too.

They defintely fucked up. Just look at what Detroit was and what it is now.

[Bernardo de La Paz]

7. Ford is a greater percentage operating in the US than GM and Stellantis. . . . nt

[doc03]

6. Ford gave Trump a $1 million bribe to pay for his inauguration. nt

[kerouac2]

8. And if Dems ever get back in power

We will get lambasted when we try to help bail out all these companies in an attempt to repair the harm from these awful thugs. The folks working at Ford who we help will probably even vote against us...

[Martin68]

9. This confirms what Paul Krugman has been saying all along. The media is going on about how the tariff's have not damaged

the economy as predicted, but they don't realize there is a lag between the imposition of tariffs and the very real destruction they cause.

[struggle4progress]

10. Make America Grit Its Teeth (MAGIT)

[Evolve Dammit]

11. File lawsuits Ford. You can fight if you want to. JHC