
These Ford models to get expensive in US: Check car prices amid Trump tariffs tensions
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What do Donald Trump's tariffs mean for the auto sector?
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Some of the popular vehicles by Ford Motor Company are all set to become more expensive as the carmaker has increased prices on three of its models that are produced in Mexico, effective May 2.This comes in the wake of the tariffs announced by the Donald Trump administration, making it one of the first companies in the industry to adjust sticker prices, Reuters reported.As of now, the three models by the company that remain affected by the price hike include:1. Ford Mustang Mach-E electric SUV (available at starting MSRP of $37,995)2. Ford Bronco Sport (present starting MSRP is $29,795)3. Ford Maverick pickup truck (starting MSRP of $28,145)As per the notice sent to dealers, prices on some models of these vehicles are being hiked by up to $2,000.A spokesperson for the company told Reuters that the latest increase in price will affect models that are being produced after May 2. These vehicles are scheduled to arrive at dealer lots by late next month.This means, Ford customers in the US might get to see the new prices for some models as early as Q2.The official noted that the latest jump in prices was the result of "usual" mid-year pricing actions, combined with the tariffs that the company is facing.The spokesperson asserted that Ford is not passing on the full cost for the tariffs to its customers in the region.Earlier this week, the company informed that the ongoing trade war can end up adding $2.5 billion in costs this year. The automaker aims to bring it down by roughly $1 billion.Recently, the carmaker introduced an all-new campaign, 'From America, For America'. Under this, it presents employee-pricing across several of its models available in the market, as per USA Today.In a post on X, the company highlighted its commitment towards "doing what's right for the country."Through this campaign, the company is following the idea of offering its models at rates which were previously available for employees only.People can save more than $3,000 on name plates via this initiative. As per reports, the employee-pricing campaign has been extended by the company until July 6.The tariffs by the Donald Trump administration have led to uncertainty in the auto sector, with several companies across the US and Europe shifting productions, Reuters reported.The US President had informed about credits for a portion of tariffs across foreign auto parts imports. This provided much-needed relief to the carmakers, who also get to skip tariffs for some of the imports.However, the White House reportedly continues with the 25 per cent tariff imposed on eight million vehicles that the country imports on an annual basis.Last year, the company sold 2.2 million units in total in America. However, tariffs can have a major impact on the 2025 sales as it forces the company to increase prices for its models.The company this week announced a year-over-year decline in its Q1 results for 2025, adding that it expects $1.5 billion impact from Trump tariffs this time.
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Indian Express
an hour ago
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Even this, however, is subject to a 'final approval' by both Presidents, which means concurrence by Chinese President Xi Jinping. There has been no reaction so far from Beijing on Trump's social media post that effectively declared a victory of sorts in the trade war with China – ostensibly aimed at the domestic audience. Third, China is putting a six-month limit on rare earth and magnet export licenses for US automakers and manufacturers, The Wall Street Journal reported on Wednesday citing unnamed sources. The measure, according to analysts, is expected to provide Beijing with additional leverage in trade discussions and raise uncertainty for American industries dependent on these materials. 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