Ford CEO: Steel, aluminum tariffs will cost automaker $1 billion
DETROIT – Ford CEO Jim Hackett says the Trump administration’s tariffs on imported steel and aluminum will cost the company $1 billion. Ford says the figure is a year-over-year increase from March through 2019. “The irony is we source most of that in the U.S. today anyways,” Hackett told Bloomberg television, explaining that the automaker gets…