The goalposts keep moving, and one day it’s for this reason and it’s applying to the whole economy and the next day it’s for a different reason and it’s just one sector.” It was less than two weeks ago that the administration paused a threat for 30 days to hit Canada and Mexico with 25% tariffs on products across the two economies after announcements of agreements to bolster border security,

"So far, what we are seeing is a lot of cost and a lot of chaos," Jim Farley said of Trump's tariffs.

Ford CEO Jim Farley said at an analyst conference that while President Trump wants to help automakers, his Canada and Mexico tariffs could "blow a hole" in the U.S. auto industry.