- Ford’s CEO warns the company “[has] to import certain parts” to make its vehicles . That could send prices higher, even as the automaker extends employee pricing to consumers. Analysts have warned that car prices in the U.S. will go up by several thousand dollars due to tariffs.
Ford has been touting its American-made roots as Trump’s tariffs target international automakers, but the company’s CEO has warned it’s still dependent on global trade to make its vehicles.
Jim Farley, appearing on CNN , said Ford will be affected when tariffs go into effect this Saturday on auto parts, which could raise consumer prices. And while the White House is encouraging companies to buy domestically made parts, that’s just not possible some of the time.
“We have to import certain parts,” Farley said. “A lot of parts, like fasteners, washers, carpet … are just not available. We can’t even buy those parts here.”…