Ford Motor may hike prices in May if Trump's auto tariffs persist, Automotive News reports

Automotive and Transportation Automotive and Transportation

Thu, April 17, 2025

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Ford Motor may hike prices in May if Trump's auto tariffs persist, Automotive News reports

^{Published on 2025-04-16 16:01:27 - Reuters}

Ford Motor may raise prices of its new vehicles in May if U.S. President Donald Trump's auto tariffs are not eased, Automotive News reported on Wednesday, citing a memo to dealers.

Ford Motor is considering increasing vehicle prices in May if former President Donald Trump's proposed 10% across-the-board tariffs on imported vehicles are implemented, according to a report by Automotive News on April 16, 2025. The potential price hike is in response to the anticipated rise in production costs due to the tariffs, which could affect Ford's profitability. The company is currently assessing the impact of these tariffs and exploring various strategies to mitigate their effects, including potential price adjustments to offset increased costs.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/ford-motor-may-hike-prices-may-if-trumps-auto-tariffs-persist-automotive-news-2025-04-16/ ]

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