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Fortune
Fortune
Christiaan Hetzner

Trump tariffs will cost U.S. carmakers billions, warns Ford CEO

Ford CEO Jim Farley listens during an interview in Traverse City, Michigan. (Credit: Jeff Kowalsky—Bloomberg via Getty Images)
  • Ford’s earnings outlook for 2025 notably left out any cushion for punitive import duties imposed for any lengthy period of time, and as a result could look even more grim than the steep decline his team already predicts. "Obviously it’s a devastating impact," Farley said.

Ford CEO Jim Farley assured investors that his team has a plan to shield the company from the worst effects of Donald Trump’s tariff threats—provided the former president doesn't go beyond brinkmanship and posturing.

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