Ford CEO Jim Farley did not mince words when he said Trump's tariff policy is causing concern and chaos amongst automakers.

While Trump has spoken about the priority of strengthening manufacturing in the United States, the administration thus far has been the source of tremendous “policy uncertainty” with constantly evolving tariff plans and a lack of clarity whether tax credits favoring EVs will be rolled back, he said.

A 25% tariff on Mexico and Canada would 'blow a hole in the US auto industry,' Jim Farley says, while giving South Korean, Japanese, and European countries an easy leg up.