Jim Farley Says Trump Tariffs Eating Into Over 20% Of Ford's Global Profit: Thinks Chinese Companies Are Like 80s Japanese Automakers 'On Steroids' - Ford Motor (NYSE:F)

Group 1 - Ford Motor Co. has incurred over $2 billion in additional costs due to President Trump's tariffs, which account for about 20% of the company's global profit [1][2]. - The CEO, Jim Farley, indicated that tariffs on certain components have exceeded 70%, significantly impacting production activities [2]. - Farley compared the competition from Chinese automakers to the historical competition with Japanese manufacturers in the 1980s, stating that Chinese companies have sufficient capacity to serve the North American market [3]. Group 2 - Farley projected that electric vehicle (EV) adoption in the U.S. would reach only 5% due to the current administration's policies favoring internal combustion engine (ICE) vehicles, although he noted growth in the affordable EV segment [4]. - Ford is focusing on its Universal EV Platform to support the development of a $30,000 EV, which is expected to drive future growth [4]. - The company has paused production of the F-150 Lightning Pickup trucks due to an aluminum shortage caused by a fire at a key supplier's facility [6].