President Trump on Thursday reiterated his plans to put a 25% tariff on imports from Mexico and Canada, where automakers build many of their products for sale in the US. Ford CEO Jim Farley believes Trump’s tariff gambit will be a policy issue that extends beyond February, however, but said that Ford has had a gameplan in place.

President Donald Trump said he will announce on Monday that the United States will impose 25% tariffs on all steel and aluminum imports. The tariffs will apply to “everybody,” including from Canada and Mexico, he said, and import duties will come later in the week.

President Trump said he will announce 25 percent tariffs on steel and aluminum on Monday, adding that he would also kick off reciprocal tariffs in the days after. Trump said that the steel and