Learn English: Ford's Billions Lost Due to Tariffs (hard)

1 month ago

Ford's Billions Lost Due to Tariffs

Ford anticipates approximately $2 billion in losses this year due to President Trump's implemented tariffs.

These tariffs, impacting imported materials and goods from Mexico and Canada, significantly increased costs for the company.

The additional financial burden surpasses previous estimations and follows already incurred $800 million in duties.

Despite domestic manufacturing, Ford's financial outlook underscores the wide-reaching effects of these trade policies.

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Source

Original: BBC News

Tags

#Ford #Trump Tariffs #US Economy #International Trade #Automotive Industry

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