Reported about 17 hours ago
Ford CEO Jim Farley cautions that prolonged tariffs of 25% on imports from Canada and Mexico could lead to significant profit losses, estimated in the billions, and negatively impact U.S. jobs and car prices. Following a mixed performance in 2024, with rising sales but falling earnings, Farley highlights the importance of collaboration with the administration to protect the auto industry, which is critical to the economy and national security.
Source: YAHOO