Ford Motors cite the definitions of long -distance hiking prices on some Mexican -national vehicles

Ford Motor is long -distance hiking prices on three of its models produced by Mexico as of May 2, to become one of the first major car manufacturers to modify the prices of stickers in the aftermath of the US President Donald Trump Definitions.

Prices will increase on Mustang Mach-E Electric SUV, MAVERICK Pickup and Bronco Sport by 2000 USD on some models, according to a notice sent to traders reviewed by Reuters.

Ford said earlier this week that the trade war of the US program, Donald Trump, will add about $ 2.5 billion at 2025, but expects to reduce this exposure by about one billion US dollars. The competitor of General Motors GM said.

A Ford spokesman said that the price increase will affect the vehicles that were built after May 2, which will reach many agents in late June. The spokesperson said that the high prices reflect the “usual” pricing procedures in the middle of the year “, in addition to some of the definitions we face. We did not transfer the full cost of the definitions of our customers.

Ford shares decreased less than one percent in morning trading. The spokesman said that the auto company still runs a discount program during the weekend on July 4 in many of its models.

1:55
The White House reflects the training course on the tariff of Canadian auto parts

Trump’s tariff launched uncertainty in weeks of uncertainty in the auto sector, as the main car makers in the United States and Europe withdrew predictions, changed production and causing companies in plants.

Get national news

As for the news that affects Canada and around the world, he participated in the urgent news alerts that were delivered directly when it occurs.

After weeks of retreat from the auto industry, Trump reduced his definitions on foreign car parts imports to give car makers credits to what is produced in the United States and to avoid double excursions on raw materials used in car production. However, the White House has not canceled a 25 percent tariff on eight million cars importing the United States annually.

Analysts said that US car sales can decrease by more than a million cars annually if the customs tariff is in place.

Ford is in a better mode of weather definitions than some of its competitors due to its powerful American manufacturing base. Barclays analysts said in a note that the Derburn Company, Michigan Motors, is collecting 79 percent of its local cars selling by the United States locally, compared to 53 percent of General Motors.

However, Ford imports one of its most affordable and popular cars, The MAVERICK, from Mexico. Most major American auto companies face a significant increase in their cheapest models in the country.

Ford and GM Motors also face large fees for imports from China and South Korea, respectively. General Motors estimated that the costs of its Korean imports amounted to about 2 billion US dollars, while Ford refused to set expenditures related to the import of vehicles from China.

–Reporting Nora Ekerrt; Edited by Andrew Hevins, Kirsten Donovan