Impact of President Trump's Tariff Threats on Auto Industry
Ford CEO Jim Farley warns that President Trump's tariff threats will have a devastating impact on the auto industry, leading to increased costs and chaos.
Key Points
- President Trump's tariff threats could significantly increase costs for the auto industry
- Tariffs on steel and aluminum could impact the materials used in car manufacturing
- Executives are working to mitigate the effects of tariffs but face challenges
- Tariffs could have a negative impact on state economies like Michigan, Ohio, and Indiana