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Thursday, July 2, 2026

Ford CEO says Trump’s tariffs could cost the industry billions in profits — and raise car prices

President Donald Trump’s proposed tariffs on Mexico and Canada could be devastating for the auto industry, according to Ford Motor Co.’s (F-6.65%) CEO. “There is no question that tariffs at 25% level from Canada and Mexico, if they’re protracted, would have a huge impact on our industry with …

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