GM and Ford leaders' messages to employees indicate impact from Trump tariffs [Yahoo! Finance]
Ford Motor Company (F)
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Source: Yahoo! Finance
turbulence they foresee coming out of the 25% tariffs President Donald Trump imposed on all imported autos and most auto parts. The messages to the workforces at both automakers, obtained by the Detroit Free Press, said companies are well-positioned to address the uncertainty around the tariffs, which take effect Thursday. Despite being healthy companies, both automakers will feel impact, the statements said. For that reason, company leaders are wasting no time in studying the new executive order and advising employees to stay focused on their jobs and be mindful of corporate spending. In an unsigned memo posted to an internal website and dated March 27, one day after Trump imposed the tariffs, GM leadership acknowledged the impact on the company's manufacturing footprint and supply chain. GM and Ford get many parts from overseas suppliers, even for vehicles made stateside. The memo stops short of quantifying the impact on the automaker. It goes on to say GM supports a strong
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