Speaking on CNBC’s Squawk Box Tuesday, Ford CEO Farley said: “This is a really big deal for our country, and for Ford.
“We make all of our heavy duty trucks in America. We have a lot of competition from overseas. A 25 percent tariff will be a really big deal. On the parts tariff side, for the vehicles we do build in the United States, there are a lot of parts we don’t make in the U.S. Those are getting tariffed 25 – 70 percent, and we need to make those more affordable,” Farley continued. “It’s a $2 billion headwind for Ford, it really restricts our future investment.”
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