Here's how new tariffs will crash the American car industry

Exact thru remarks at a Wolfe Research conference final month, Ford CEO Jim Farley made it determined how President Trump's tariff proposals will derive an label on one of the crucial prolific of Detroit's Big Three and every other automaker that sells to American motorists.

For weeks forward of the conference, Trump threatened 25% tariffs on items originating from Canada and Mexico—set up for a 10% carveout for Canadian oil.