The Reuters agency reached the information sent by the car manufacturer to dealers, according to which Prices of electric SUV Mustang Mach-E, Pickupa Maverick and Bronco Sport will increase for some models by up to $ 2000.
According to the Ford spokesperson, it shows that Price increases apply to vehicles produced after May 2which will be available in the showrooms at the end of June. As a brand representative said, Ford did not transfer the full cost of tariffs to customers.
Trump’s duties are raining costs
Reuters notes that the decision to raise retail prices on models produced in Mexico made only a few days after Ford announced that The effects of the trade war will increase the company’s overall costs by around $ 2.5 billion to 2025. Ford also suspended its annual profit forecasts.
A similar position was presented by a competitive GM car company, which also said that the duties would cost billions of dollars.
Uncertainty in the automotive sector
Trump’s duties hit the entire automotive industry and introduced uncertainty for long weeks, which resulted in the fact that the largest car manufacturers in the United States and Europe withdrew their profits.
Under the pressure of the car industry, Trump softened duties on the import of foreign car parts to cars produced in the USA. However, the White House did not open 25 percent. Customs for 8 million vehicles that the United States imports annually.
Analysts say that the sale of cars in the US could fall by over a million vehicles a year if the duties remained in force.
