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Ford CEO Jim Farley said that tariffs might be a potential accelerant of the destruction of the automotive industry
FordCorporate / FinancialNews

Ford CEO Jim Farley said that tariffs might be a potential accelerant of the destruction of the automotive industry

During a financial conference call to review Ford’s performance in the year 2024, the company’s chief executive Jim Farley said that tariffs might be a potential accelerant of the destruction of the automotive industry and consumerism. Earlier this week, the administration of Trump placed a 25-percent tariff on goods imported from Mexico and Canada and then removed it and replaced...