Trump Metal Tariffs Have Cost Ford Automotive $1 Billion And Will Result In Layoffs

 In Budget and Taxes, Economy, Government Regulations   Last Updated: October 13, 2018

Ford CEO Jim Hackett has noted Trump’s tariffs on aluminum and steel “took about $1 billion in profit from us — and the irony is we source most of that in the U.S. today anyways.”

Ford announced it would be making layoffs as a result, but the total number of jobs to be cut is unknown.

 

 

Keith Naughton. "Ford CEO Says Trump Metals Tariffs Took $1 Billion of Profit." Bloomberg LP, 26 September 2018. Web. 13 October 2018.
Paul Eisenstein. "Trump's tariffs have already cost Ford $1B; now it's planning layoffs." NBC News, 08 October 2018. Web. 13 October 2018.
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