The automaker is not significantly exposed to increased tariffs on steel and aluminum.
Ford Motor CEO Jim Farley says US President Donald Trump’s proposed and implemented tariffs have added “a lot of costs and a lot of chaos,” although Farley says he believes the president aims to strengthen the American auto industry overall.
Ford is considering areas in which it can build up inventory to prepare for potential 25% tariffs on imports from Mexico and Canada, executives said at an analyst conference Tuesday. Trump planned to initiate these duties earlier this month, before delaying them until March., which Trump raised Monday. Ford gets most of these materials from the US, executives said, although it expects to absorb some cost from suppliers who are more affected.
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