The Dearborn, Michigan, automaker offered deep discounts across its lineup starting earlier this month
Automotive News first reported news of the memo.
Both U.S. and foreign automakers have rushed to alleviate consumer concerns about tariffs inflating costs at dealerships by offering price assurances and substantial discounts.
“In the absence of material changes to the tariff policy as articulated to date, we anticipate the need to make vehicle pricing adjustments in the future, which is expected to happen with May production,“ Ford executive Andrew Frick said in the memo.
An analysis by the Center for Automotive Research published earlier this month revealed that Trump's 25% tariffs on automotive imports, implemented on April 3, will escalate costs for U.S. automakers by about $108 billion in 2025.
Earlier this week, Trump had floated the idea that he was considering a modification to the auto-related tariffs, suggesting he might grant exemptions on levies already in place.
Read More Details
Finally We wish PressBee provided you with enough information of ( Ford Motor may hike prices if Trump's auto tariffs persist, memo says )
Also on site :