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Donald Trump’s gamble: As his tariff war with Canada, Mexico, EU & China rages on, early economic winners and losers emerge; here are the details
Trump tariffs impact global trade, shaking industries and stock markets. Domestic steel and aluminum producers benefit, while automakers and consumers face higher costs. Stock market volatility is rising, with Nasdaq dropping 12%. EU wine tariffs trigger panic buying, and commodity price surge drives gold to record highs. Meanwhile, the beer industry benefits from domestic sourcing, and the software sector remains resilient. With economic turbulence growing, Trump's tariff war appears to be a negotiation tactic. Will it strengthen U.S. trade or backfire?

Steel buyers enter tariff era as ships rerouted, trucks halted
The new 25% tariffs on steel and aluminium disrupted supply chains, escalated costs for companies like Ford, and pushed US businesses to source domestically. Key trade partners express concerns about the wider impacts of these tariffs.

Trump has begun another trade war. Here's a timeline of how we got here
Donald Trump has sparked a new trade war with numerous countries through imposing tariffs. This includes Canada, Mexico, China, and the European Union.

US stock market today: Market dips- Dow Jones, S&P 500, and Nasdaq react to tariff tensions; as US-Canada trade war escalates despite inflation cooling
US stock market volatility surged as US-Canada trade tensions rattled investors. The Dow Jones dipped 0.3%, while the S&P 500 fell 0.3%, reversing earlier gains. Despite a 3.1% rise in core CPI, marking its lowest increase since April 2021, tariff concerns overshadowed inflation relief. Canada retaliated with $21 billion in duties on US goods, following Trump's steel and aluminum tariffs. The EU also imposed $28 billion in counter-tariffs. While Nvidia (NVDA) and Tesla (TSLA) surged over 4%, other sectors suffered.

S&P 500, Nasdaq gain on cooling inflation; tariffs stoke slowdown fears
The S&P 500 and Nasdaq surged after data indicated slowing U.S. inflation, notwithstanding ongoing concerns regarding Trump's protectionist trade tariffs. Technology stocks and interest rate-sensitive banks experienced notable gains, but companies with significant steel and aluminum dependencies, like Ford and General Motors, saw declines. Analysts remain wary of a potential recession.

Elon Musk says juggling DOGE and CEO jobs is difficult, as Tesla shares slump
Elon Musk admits running his businesses with great difficulty while also working with the Trump administration. Tesla's shares dropped significantly, raising concerns that Musk's involvement in federal workforce cuts and support for far-right parties in Europe could be impacting car sales and investor confidence.
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Even in last few years when he was not so well, he would...: N Chandrasekaran shares a heartfelt memory of Ratan Tata
Ratan Tata, the former chairman of the Tata Group, who led the conglomerate for over two decades, passed away last year at the age of 86. He was instrumental in expanding the group's global footprint with significant acquisitions and was known for his philanthropic efforts and investments in Indian startups.
Trump's team is pivoting to no pain, no gain as economic message for US
President Trump, in his second term, is pushing forward with significant tariff hikes and protectionist measures, sparking trade wars and market fluctuations. Despite economic concerns and potential hardships, the administration believes short-term pain will yield long-term gains, particularly in manufacturing jobs. Fed remains cautious amid elevated uncertainty.
Donald Trump's tariffs could help Tesla, by hurting its rivals more
Tesla has built largely self-sufficient supply chains in the United States and China, a rarity in a world of interconnected trade. As a result, the tariffs imposed by the Trump administration on Chinese goods, and the continuing threat to put them on Mexican and Canadian products, might help Tesla by hurting its competitors more.
Trump's tariffs could help Tesla, by hurting its rivals more
Tesla may benefit from recent US tariffs, as it has built largely self-sufficient supply chains in the US and China, unlike competitors. However, it remains vulnerable if relations with China worsen, as it relies on the country for some key materials. Despite challenges in Europe and China, Tesla’s domestic production and strategic positioning offer resilience against tariffs and trade tensions.
Trump’s on-again, off-again tariff strategy sows confusion
US President Trump's tariffs have caused confusion and market instability due to sudden reversals, exemptions, and unclear rollouts. Key advisers were not in place, leading to hastily executed trade policies. The lack of clarity has created challenges for businesses, while foreign leaders struggle to engage effectively with the US administration.
Trudeau expects a trade war between Canada and the US for the 'foreseeable future'
Canadian Prime Minister Justin Trudeau expects a prolonged trade war with the U.S., following a constructive call with President Donald Trump. They discussed tariffs, with Trudeau reiterating that Canada will maintain its response tariffs until the U.S. lifts its unjustified tariffs on Canadian goods. Trump has already imposed tariffs on Mexican and Canadian imports.
US stock market today: Market surge – Dow Jones, S&P 500, Nasdaq rally as Microsoft, NVIDIA, Tesla, GM surge; Energy stocks struggle
US stock market surged as the Dow Jones, S&P 500, and Nasdaq rallied on March 6, 2025, following Donald Trump’s tariff relief decision. Major indexes posted strong gains, with tech and auto stocks leading the charge. Microsoft, NVIDIA, and GM saw sharp increases, while the energy sector struggled. The Russell 2000 index also gained, reflecting investor optimism. Global markets reacted positively, boosting Germany’s DAX and China’s stock market. Investors now focus on trade negotiations, corporate earnings, and Fed policies to gauge future trends. Read the full story for detailed insights on market movements and key performers.
Dow Jones crashes over 400 pts, Nasdaq, S&P down 1.3% as chip stocks lead selloff; tariffs in focus
US stocks: Wall Street's main indexes fell, driven by a decline in chip stocks as Marvell's forecast raised concerns about slowing demand for AI infrastructure. Trade war worries further impacted sentiment, while notable tech stocks like Microsoft and Meta also saw declines. Increased volatility persists amid tariff uncertainty.
How will the U.S. auto tariff pause reshape the industry? Is Europe more divided than ever over Ukraine? | Here are the top stories you need to know
Auto tariffs paused—what does this mean for the U.S. auto industry? The Trump administration has temporarily halted tariffs on vehicles imported from Canada and Mexico, providing relief to automakers like Ford, GM, and Stellantis. This decision impacts manufacturing costs, trade relations, and stock markets. However, the exemption lasts only until April 2, leaving uncertainty about future trade policies. Meanwhile, Europe discusses increased defense spending amid the Ukraine crisis. Will auto tariffs return? How will global trade be affected?
Elon Musk can't be successful in this country, because we are here: JSW Chairman Sajjan Jindal
As Tesla makes its long-awaited move into India, Sajjan Jindal of JSW Group is sceptical of Elon Musk’s chances against homegrown giants like Tata Motors and Mahindra & Mahindra. With Tesla securing prime retail space in Mumbai and gearing up for sales, India’s EV landscape is set for a shake-up. But with high tariffs, local competition, and government incentives favouring domestic players, will Musk’s ambitious India plans succeed, or will he struggle to match the dominance of Indian automakers?
Honda could get BYD-ed in key Indian scooter market
Chinese electric vehicle-maker BYD and its local rivals have dramatically disrupted the automotive market, leading to a significant decline in sales for major global brands like Ford, Nissan, GM, and Honda in China. This pattern is expected to extend to scooters and motorbikes, currently dominated by Japanese brands, as electrification efforts lag behind market growth.
US anger mounts over global reach of EU’s ‘hostile’ ESG rules
Proposed revisions still affect US firms, leading to calls for diplomatic engagement and clarity, as companies navigate regulatory complexities.
Trump delays auto tariffs. Pickup trucks might explain why.
U.S. auto industry plans to mitigate the impact of President Trump's 25% tariffs on Canada and Mexico. Many North American-built vehicles are temporarily exempt if they adhere to USMCA rules. Tariffs could add significant costs, affecting consumer prices and supply chains reliant on cross-border parts sourcing.
Trump exempts some automakers from Canada, Mexico tariffs for one month
President Donald Trump exempted automakers from 25% tariffs on Canada and Mexico for one month, contingent on compliance with existing trade rules. The move, aimed at easing trade tensions, led to a rebound in auto stocks but maintained pressure on both countries regarding fentanyl smuggling.
Tariff-exposed stocks feel the squeeze as trade war heats up
U.S. stocks faced significant pressure following the latest escalation in the trade war, with new tariffs on imports from Canada and Mexico impacting sectors like automobiles, aerospace, retail, and housing. Automakers, homebuilders, and airline stocks notably declined, while retaliatory tariffs by Canada and China add further strain on U.S. businesses.
U.S. stock market plunge: Dow Jones, Nasdaq, S&P drop – Trump’s tariffs on Canada, Mexico, and China trigger investor panic and global economic fears
U.S. stock market plunge on March 4, 2025, as Trump’s tariffs on Canada, Mexico, and China triggered investor panic. The Dow Jones fell 800 points, while the S&P 500 and Nasdaq dropped by 2%. Key sectors like automobiles, retail, and tech suffered heavy losses. Global markets also reacted, with China’s Shanghai Composite falling 3.8%. Experts warn of higher prices and economic slowdown if tensions escalate. Investors shifted to safe-haven assets like gold. The future depends on whether a trade resolution can be reached or if a Trump-led recession looms.
Trump’s biggest trade war salvo since 1930s just one of the shocks for US economy as risks pile up
President Trump's trade-war actions are expected to slow US growth in the near term. Policy uncertainties and potential trade war escalation add to the concerns. There's a focus on rebuilding US industries and small businesses despite rising tariffs, slower growth, and higher inflation impacting consumers and investors.
Canada and China retaliate against U.S. tariffs, which Trudeau derides as 'Dumb'
President Trump’s tariffs on imports from Canada, Mexico, and China have ignited fears of a trade war, prompting retaliatory tariffs from affected countries. Canadian Prime Minister Trudeau criticized the tariffs, warning they would harm both economies. U.S. businesses predict price increases, fuel costs may rise, and economic growth could be negatively impacted.
Trump’s tariffs and their hidden impact on working-class Americans: Rising prices, job losses, and economic uncertainty
Trump’s tariffs have had a major impact on the U.S. economy, leading to higher prices for consumers and job losses in key industries. While these trade policies were intended to protect American businesses, they ended up acting as a hidden tax on working-class families. Tariffs on steel, aluminum, and Chinese imports raised costs, leading to inflation and economic uncertainty. Farmers, automakers, and manufacturers faced challenges as retaliatory tariffs hit U.S. exports. The stock market also experienced volatility.
US autos, homebuilders, materials take hits as Trump trade war kicks off
U.S. shares have fallen due to Trump's recent 25% tariffs on imports from Canada and Mexico, impacting various sectors like automakers, homebuilders, and aerospace suppliers. The tariffs also extend to steel and aluminum imports, increasing industry costs, with retaliatory measures expected from affected countries.
Which car companies are in firing line of Trump's tariffs on Mexico, Canada?
The United States is set to implement proposed tariffs on Canada and Mexico, potentially affecting automakers like Audi, BMW, Ford, GM, and Toyota. The tariffs, which could be as high as 25%, would primarily impact vehicles and parts imported from Mexico to the U.S., with significant implications for production and trade in the auto industry.
US auto industry could be collateral damage in Trump's trade wars
President Donald Trump's plan to impose 25% tariffs on automotive imports from Canada and Mexico threatens to disrupt North American auto supply chains, increase car prices, and lead to economic strain. The tariffs aim to address undocumented immigration and fentanyl, but they risk pushing the region into economic distress.
Why do SUVs look like trucks again?
A resurgence in rugged SUVs is transforming the market, with models like the Mercedes G-Class, Ford Bronco, and redesigned Toyota Land Cruiser leading the trend. These vehicles blend nostalgic design with modern technology, appealing to consumers' desire for both heritage style and contemporary functionality.
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