Here's how new tariffs will crash the American car industry

During remarks at a Wolfe Research conference last month, Ford CEO Jim Farley made it clear how President Trump's tariff proposals will affect one of the most prolific of Detroit's Big Three and any other automaker that sells to American motorists.

For weeks prior to the conference, Trump threatened 25% tariffs on goods originating from Canada and Mexico—save for a 10% carveout for Canadian oil.