Ford's boss, Jim Farley, is worried about tariffs! Tariffs are like extra taxes on things imported from other countries. He's concerned that high tariffs on cars from Mexico and Canada could hurt Ford and other US car companies a lot. He thinks it's unfair that some other car companies, like Hyundai and Toyota, don't pay as much.
- Ford makes many cars in the US, Mexico and Canada.
- Tariffs make cars more expensive.
- Mr. Farley wants fair rules for all car companies.
- He's worried about a trade war.
| Company | Cars Imported (approx.) | Tariff |
|---|---|---|
| Hyundai-Kia | 1.7 million | 0% |
| Toyota | 500,000 | 2.5% |
| Ford (from Mexico/Canada) | Not specified | Potentially high |
