Ford CEO Jim Farley warned that a proposed 25% tariff on imports from Mexico and Canada would harm the U.S. auto industry, allowing foreign automakers from Europe and Asia to gain significant market share. He emphasized that such tariffs could create severe long-term damage to the U.S. auto sector, as a large percentage of vehicles manufactured in Mexico and Canada are imported into the U.S. Farley stated that Ford is adhering to the United States-Mexico-Canada Agreement and is preparing for potential impacts on its supply chain due to these tariffs.

Source: https://www.supplychaindive.com/news/trump-tariffs-ford-ceo-jim-farley-mexico-canada/740010/