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Ford said it expects Trump's tariffs to set it back $2 billion and hand Japanese automakers a 'meaningful' edge

Jim Farley, the CEO of Ford, said on Wednesday that the Trump administration's tariff policy will saddle the automaker with a 2billionbillwhilebenefitingitsJapaneserivals."Ourtariffbillis2 billion bill while benefiting its Japanese rivals. "Our tariff bill is 2 billion, and that's a net number," Farley said in an earnings call. The company had projected a tariff hit of $1.5 billion in its last quarter.Farley told analysts he expects automakers to adopt a regional rather than globalized approach toward their businesses. In addition to tariffs, Farley said the chang ...