Ford Motor Co. has decided to delay increasing the prices of its vehicles as it waits to see how competitors react to the higher costs imposed by President Donald Trump’s tariffs. Jim Farley, Ford’s CEO, stated that many imported vehicles face additional costs ranging from $5,000 to $10,000 due to these tariffs. The decision to delay price hikes underscores the competitive nature of pricing strategies in the automotive industry.
— new from Bloomberg
