Ford is raising prices on three of its Mexico-made models starting May 2, becoming one of the first major automakers to react to U.S. President Donald Trump's steep auto tariffs, which are reshaping industry costs and consumer prices.
Ford Motor Co. is increasing prices on several of its Mexico-produced vehicles beginning May 2, in response to the financial impact of new U.S. tariffs introduced by President Donald Trump. The move makes Ford one of the first major automakers to adjust sticker prices amid growing industry pressure.
The hikes will affect the Mustang Mach-E electric SUV, the Maverick pickup, and the Bronco Sport - models manufactured in Mexico. Some versions will see prices rise by up to $2,000, according to a notice reviewed by Reuters.
The decision comes shortly after Ford revealed that Trump’s tariffs would cost the company around $2.5 billion in 2025, prompting it to suspend its annual earnings forecast. General Motors has also warned of multi-billion-dollar impacts due to the same trade measures.
According to a Ford spokesperson, the increased prices apply only to vehicles built after May 2, expected to reach dealerships by late June. The company described the hikes as part of a "usual" mid-year pricing review, though acknowledged tariffs played a role. “We have not passed on the full cost of tariffs to our customers,” the spokesperson added.
The auto industry has been rattled by Trump’s tariffs, which have disrupted forecasts, paused production, and created uncertainty for manufacturers both in the U.S. and abroad. While the White House recently eased some tariffs on imported auto parts - providing credits for U.S.-based production - it has maintained a 25% tariff on the roughly 8 million vehicles imported annually into the U.S.
Analysts warn that if the tariffs stay in place, annual U.S. auto sales could decline by more than 1 million vehicles, further pressuring manufacturers to either absorb the costs or pass them on to buyers.
A tragic plane crash early Thursday morning shook a quiet residential neighborhood in San Diego, California. According to officials, there are two dead, eight injured.
Adidas and Puma are expected to raise prices in the U.S. after Nike increased footwear costs, as rising import tariffs push up expenses across the sportswear industry.
Israeli Prime Minister Benjamin Netanyahu harshly criticized UK’s Starmer, France’s Macron, and Canada’s Carney for urging a halt to Israel’s military action in Gaza, accusing them of siding with Hamas and undermining justice.
The second meeting of customs leaders from Central Asia and China was held in Almaty, focusing on digitalization, AI integration, border crossing agreements, and expanding cooperation to strengthen regional trade and logistics.
Azerbaijan’s Minister of Economy Mikayil Jabbarov has been appointed Chairman of the Board of Governors of the Islamic Development Bank Group, with the 2026 Annual Meeting set to take place in Azerbaijan.
Northern France sees major farmer protests as key agricultural reforms face parliamentary review, sparking road blockades and rising tensions.
The Trump administration is moving toward lifting sanctions on Syria, but officials caution that coordinating between government agencies means the process will take longer than initially expected.
The 7th Ethnosport Culture Festival kicked off in Istanbul with Azerbaijan’s 100-member team and famed Karabakh horses drawing major attention.
Iran’s foreign minister Abbas Araqchi declared that the United States would bear legal responsibility if Israel launches an attack on Iranian nuclear facilities, amid reports of potential Israeli military action and ongoing nuclear negotiations in Rome.
A rare naval misstep has shaken North Korea’s tightly choreographed military image, prompting an urgent internal probe and public scolding from Kim Jong Un.
Tensions flare in the India-France Rafale deal as France refuses to share the fighter jet’s source code, limiting India’s ability to integrate indigenous weapons and reducing its combat autonomy.
France has rejected India’s request to share source codes needed to integrate indigenous weapons into Rafale fighter jets. Despite repeated appeals, French manufacturer Dassault Aviation has refused to compromise on the issue
Anton Kobyakov, adviser to Russian President Vladimir Putin, claimed at the St. Petersburg International Legal Forum that the USSR’s dissolution was legally invalid and that the Soviet Union still exists under constitutional law, framing the Ukraine war as an “internal process.”
AnewZ and Kazakhstan’s Jibek Joly/Silk Way TV channel co-hosted a special AnewZ Talks in Astana at Maqsut Narikbayev University (MNU), uniting global experts and young leaders at Silk Road Media Group’s journalism school to explore the growing intersection of media and diplomacy.
The Tehran Dialogue Forum 2025, scheduled for May 18–19, will host 200 international guests, including 40 current and former European officials.
Adidas and Puma are expected to raise prices in the U.S. after Nike increased footwear costs, as rising import tariffs push up expenses across the sportswear industry.
Shein says French consumers may face higher prices if the EU imposes handling fees and France enacts new penalties on fast fashion. The platform criticizes the lack of dialogue with authorities as pressure mounts on budget e-commerce models.
Telegram has reported a remarkable $540 million profit last year, marking its first annual profit after years of losses. The Dubai-based messaging app’s revenues surged to $1.4 billion in 2024, up from $343 million the previous year, based on a company presentation reviewed by the Financial Times.
The U.S. government's decision in April 2025 to impose stricter export controls on advanced semiconductors has delivered a significant blow to Nvidia, compelling the company to obtain licenses for sales of its H20 AI chips to China—one of its largest and most strategically important markets.
Chinese EV maker BYD has unveiled its budget-friendly Dolphin Surf in Berlin, intensifying competition in Europe's electric car market with prices starting at just €19,990.
Northern France sees major farmer protests as key agricultural reforms face parliamentary review, sparking road blockades and rising tensions.
The Trump administration is moving toward lifting sanctions on Syria, but officials caution that coordinating between government agencies means the process will take longer than initially expected.
The 7th Ethnosport Culture Festival kicked off in Istanbul with Azerbaijan’s 100-member team and famed Karabakh horses drawing major attention.
Iran’s foreign minister Abbas Araqchi declared that the United States would bear legal responsibility if Israel launches an attack on Iranian nuclear facilities, amid reports of potential Israeli military action and ongoing nuclear negotiations in Rome.
A rare naval misstep has shaken North Korea’s tightly choreographed military image, prompting an urgent internal probe and public scolding from Kim Jong Un.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment