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Ford looms to raise their prices due to Trump fees on cars economy

by manhattantribune.com
17 April 2025
in Business
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Ford looms to raise their prices due to Trump fees on cars economy
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A note directed to agents on Wednesday showed that Ford Motor may raise the prices of its new cars next May if the United States does not reduce customs duties on cars.

American and international auto companies are quick to calm consumers’ concerns that customs tariffs will lead to high prices, by providing price guarantees and large discounts.

Although the short -term repercussions of customs duties prompted sales to rise, American auto manufacturers told legislators in special conversations that they will have to raise prices at a great pace if customs duties continue.

An analysis conducted by the Automobile Research Center and published earlier this month concluded that the customs duties announced by President Donald Trump of 25% on auto imports and entered into force on the third of April this will lead to high costs on American auto companies by about 108 billion dollars in 2025.

Earlier this week, Trump said he was considering modifying car -related customs duties, indicating that he could give some exceptions.

A report of the Bloomberg Agency a few days ago indicated that car agencies in the United States entered a state of chaos and confusion as a result of imposing new fees on car imports.

Bloomberg said that companies such as Tesla have stopped receiving purchase requests in China for “Model S” and “Model X” models, which are manufactured in the United States, after Beijing announced its response to American fees by imposing reprisals of 125% on all American goods starting from April 12.

Tags: carsdueeconomyfeesFordloomspricesraiseTrump
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