Ford says Trump tariffs to cost it $2bn this year
Source: BBC
Motor industry giant Ford says it expects tariffs to cost it about $2bn (£1.5bn) this year, which is more than previously expected, despite building most of its cars in America.The company says it had already paid an extra $800m in duties in the three months ending in June. It also suffered losses related to cutting an electric vehicle programme.It is the latest indication of the impact of US President Donald…
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