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Ford CEO says tariffs could 'blow a hole' in US auto industry

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President Donald Trump 's tariffs on Mexico and Canada would "blow a hole" in the U.S. auto industry, CEO Jim Farley said.

Farley: "So far, what we're seeing is a lot of cost and chaos" Ford is less exposed to fallout from tariffs on Canada and Mexico than its crosstown rival General Motors or Stellantis .