From Yahoo Finance: 2025-05-07 08:37:00

Ford Motor has raised prices on three Mexico-produced models due to Trump’s tariffs, with some models seeing a $2,000 increase. Ford expects tariffs to add costs but plans to offset them. Ford is running a discount program through July 4 weekend. Analysts predict US auto sales could drop by over 1 million vehicles annually if tariffs remain.

Ford and GM face significant levies on imports from China and South Korea. Ford imports the Maverick from Mexico, facing price hikes. Automakers relying on US exports are under pricing pressure. Most automakers import vehicles into the US and expect to raise prices soon due to tariffs.

Trump’s tariffs have caused uncertainty in the auto sector, affecting production and forecasts. Ford is in a better position to handle tariffs due to its strong US manufacturing base. GM expects costs on Korean imports to reach $2 billion. Automakers are adjusting to the new trade climate, with BMW expecting US car tariffs to decrease in July.

Read more: Exclusive-Ford hikes prices on Mexico-produced models, citing tariffs