Tariffs on Canada, Mexico would devastate U.S. auto industry: Ford CEO

Dive Brief

Increased duties on imports from the two countries could give Asia-based automakers a competitive advantage, according to CEO Jim Farley.

Published Feb. 12, 2025

First published on

Dive Brief:

• A 25% tariff on imports from Mexico and Canada would be detrimental to the U.S. auto industry, Ford Motor Co. CEO Jim Farley said during an investor conference Tuesday.
• Although currently delayed until March, higher duties on products coming into the U.S. from two of its biggest trading partners would allow automakers in Europe and Asia to gain market share in the highly competitive North American marketplace, leading to “one of the biggest w…