Ford Motor Company has increased prices on several models, including the Mustang Mach-E electric SUV and Maverick pick-up, due to tariffs imposed by President Trump. These changes will result in higher consumer prices, with increases up to $2,000 for some vehicles. The tariffs are expected to cost Ford approximately $2.5 billion by 2025, but the company plans to reduce this impact by $1 billion. Meanwhile, General Motors anticipates costs between $4 billion and $5 billion, demonstrating the tariffs' widespread effects across the auto industry.
Ford's decision to raise vehicle prices in reaction to Trump's tariffs signifies a significant shift in the auto industry, impacting consumer costs and market dynamics.
The trade war is projected to add $2.5 billion in costs for Ford by 2025. Despite this, Ford aims to mitigate exposure by $1 billion.
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