Learn English: Trump's Tariffs Hit Ford Hard (normal)

1 month ago

Trump's Tariffs Hit Ford Hard

President Trump's tariffs are costing Ford a whopping $2 billion this year, exceeding earlier predictions.

These increased costs stem from tariffs on imported materials, especially from Mexico and Canada, impacting production.

The company has already shelled out $800 million in extra duties in just three months, a substantial financial blow.

Although Ford primarily manufactures within the US, the ripple effects of these tariffs demonstrate significant economic impact.

Learn English with En30s

Our simplified news summaries make learning English easy and efficient. Whether you're a beginner or an advanced learner, we have the right level for you. Choose from our easy, normal, or hard summaries and improve your English skills today!

Other difficulties

Source

Original: BBC News

Tags

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

Other Business

Download En30s from Google Play