Tariffs Would ‘Blow a Hole’ in U.S. Auto Industry, Says Ford CEO

The CEO of Ford Motor Jim Farley met with U.S. lawmakers on February 12 after saying that 25% tariffs on U.S. imports from Mexico and Canada would “blow a hole” in the U.S. auto industry. The tariffs, after a delay, are set to come into effect March 4. A further 25% tariff on all steel and aluminum imports, which is also likely to impact automakers, is set to be implemented March 12.

According to Reuters, Farley met with Senators Roger Marshall, Elissa Slotkin, Deb Fischer …