Detroit Ford Motor is uploading the prices of three of its models produced in Mexico from May 2, becoming one of the first large car manufacturers to adjust the catalog values after the tariffs of President Donald Trump.
Electric SUV prices Mustang Mach-E, Maverick’s truck and Bronco Sport will rise up to 2,000 dollars in some models, according to a notice to dealers reviewed by Reuters.
Ford said this week that the commercial war would add about 2,500 million dollars in costs by 2025, but hopes to reduce that exhibition by about one billion.
His general rival Motors said last week that it was expected that tariffs would cost him between 4 billion and 5 billion dollars after the imposition of strong taxes on foreign imports of cars, but that he hoped to compensate for at least 30 percent.
A Ford spokesman said that the price increase will affect vehicles manufactured after May 2, which will arrive at the concessionaires at the end of June. He added that the increases in values reflect the usual
mid -year price measures, combined with some tariffs we face
.
We have not impacts the total cost of tariffs to our clients
he added.
The car manufacturer is still running a discount program through the weekend of July 4 in many of its models, said the spokesman.
Trump tariffs have unleashed weeks of uncertainty throughout the car sector, and the main manufacturers in the United States and Europe have retired forecasts, have changed production and caused companies to stop plants.
After weeks of rejection by the car industry, Trump softened his tariffs on imports of foreign car pieces. However, the White House has not terminated a 25 percent tariff on the 8 million vehicles that the United States imports annually.
Analysts have affirmed that US cars sales could fall into more than one million units a year if the tariffs were maintained.
Ford is in better position than some of its competitors to fall tariffs due to its solid production base in the United States.
The Dearborn manufacturer, in the state of Michigan, assembles 79 percent of its vehicles sold in the United States in the country, compared to 53 percent GM, said Barclays analysts. Even so, Ford imports from Mexico one of its most affordable and popular vehicles, the Maverick.