Ford Motors cites tariffs for hiking prices on some Mexico-made vehicles – National [Video]

Ford Motor is hiking prices on three of its Mexico-produced models effective May 2, becoming one of the first major automakers to adjust sticker prices following U.S. President Donald Trump’s tariffs.

Prices on the Mustang Mach-E electric SUV, Maverick pickup and Bronco Sport will increase by as much as US$2,000 on some models, according to a notice sent to dealers reviewed by Reuters.

Ford earlier this week said U.S. President Donald Trump’s trade war would add about US$2.5 billion in costs for 2025, but it expects to reduce that exposure by around US$1 billion. Rival General Motors GM.N said last week tariffs were projected to cost it between US$4 billion and US$5 billion following the imposition of hefty levies on foreign imports of automobiles, but it expected to offset that by at least 30 per cent.

A Ford spokesperson said the price hikes will affect vehicles built after May 2, which would arrive …