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In Detroit, Michigan, President Donald Trump's recent imposition of 25% tariffs on steel and aluminum imports is causing significant disruption within the U.S. automotive sector. Industry leaders, including Ford Motor Company CEO Jim Farley, express concerns over the escalating costs and operational challenges resulting from these trade policies.
Jim Farley highlights that the tariffs are adding substantial costs and creating considerable uncertainty across the industry. He emphasizes that the 25% tariffs on steel and aluminum imports, along with potential levies on automotive parts from Mexico and Canada, are particularly troubling. Farley warns that these measures could severely impact. . .
