Trump’s tariffs have made U.S. steel the most expensive in the world, Ford says [Financial Post (Toronto, Ontario, Canada)]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Financial Post
Trump's tariffs have made U.S. steel the most expensive in the world, Ford says Ford Motor Co has already said the tariffs took a US$1-billion bite out of its profit despite the fact it sources most of the materials from the U.S. Ford Motor Co. is escalating its criticism of the Trump administration’s metals tariffs that the company has already said took a US$1 billion bite out of profit. “U.S. steel costs are more than anywhere else in the world,” Joe Hinrichs, Ford’s president of global operations, said Monday at an event marking the start of Ranger pickup production at a factory west of Detroit. He added that Ford is talking to the administration about the tariffs. “We tell them that we need to have competitive costs in our market in order to compete around the world.” Ford Chief Executive Officer Jim Hackett last month called on President Donald Trump’s administration to resolve trade disputes quickly, warning that it would otherwise do “more damage” to the second-largest American
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Earnings
- 2/6/24 - Beat
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Sec Filings
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- 4/3/24 - Form 8-K
- 4/2/24 - Form PX14A6G
- F's page on the SEC website