meta_pixel
Tapesearch Logo
Log in
Consider This from NPR

Ford CEO does the math on Trump's auto tariffs

Consider This from NPR

NPR

Society & Culture, News, Daily News, News Commentary

4.15.3K Ratings

🗓️ 1 May 2025

⏱️ 13 minutes

🧾️ Download transcript

Summary

Americans are rushing to car dealerships as they worry about what President Trump's tariffs will do to car prices in the coming months. New vehicle sales have been increasing steadily this year, and they jumped in March, according to market research firm Cox Automotive. That's the month when President Trump announced upcoming auto tariffs.

Shoppers are racing to buy cars this spring because they believe that prices are going to go up in the summer and fall. And experts say if tariffs remain in place, that's likely.

It's a gamble President Trump is making – with the hope his tariff strategy will lead domestic car companies to make more vehicles at home.

NPR's Mary Louise Kelly talks with Ford Motor Company CEO Jim Farley, who was at Ford's Kentucky truck plant, about Trump's tariffs, and Ford's future.

For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.

Email us at [email protected].

Learn more about sponsor message choices: podcastchoices.com/adchoices

NPR Privacy Policy

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, it's Juana Summers, a quick note before we start the show. When you listen to consider this and anything else from the NPR network, you're listening to public media, meaning it serves the public with non-profit, independent journalism, the shows you love, and the conversations that keep you company. There are a whole lot of ways to get your news, but public media is unique. It is

0:22.1

accountable to you, freely accessible, and full of voices and stories you cannot find anywhere else.

0:28.7

Today marks the start of public media giving days. When you give, it's more than a donation.

0:34.2

It is a declaration that public media is a vital resource worth sustaining. If you don't

0:39.2

give already, this is the time. Visit donate.npr.org. Thank you.

0:46.3

Americans are rushing to car dealerships as they worry about what President Trump's tariffs will

0:51.0

do to car prices in the coming months. New vehicle sales have been increasing

0:54.7

steadily this year, and they jumped in March, according to market research firm Cox Automotive.

1:00.0

That's the month when President Trump announced upcoming auto tariffs. Here's Kieran, a children's

1:06.0

librarian in Ohio. She wanted to swap her 2008 Toyota for something bigger. She and her husband were hoping to put off that purchase till next year.

1:15.5

But with the tariffs and so much of the uncertainty about that, we just decided that we couldn't wait any longer.

1:22.3

Nay told our colleague Camilla Dominovsky that when her family headed out to a car lot in March, they realized maybe

1:28.6

they weren't the only ones. The dealership was packed. Kira Ney and other shoppers are racing to buy

1:34.9

cars this spring because they believe that prices are going to go up in the summer and fall.

1:39.7

And experts say if tariffs remain in place, that's likely. It's a gamble President Trump is making

1:45.6

with the hope that his tariff strategy will lead domestic car companies to make more vehicles at home.

1:52.0

We don't need the cars from outside. When they say, oh, sir, we want to send you a lot of cars.

1:56.1

I said, we really don't want your cars. We really don't want. We want to make our own cars.

2:00.8

Consider this. President Trump says moving auto production to the They don't want your cars. We really don't want. We want to make our own cars. That includes...

2:01.6

Consider this. President Trump says moving auto production to the U.S. will create jobs for Americans,

2:07.2

but that has put automakers in a bind, because covering the costs of manufacturing cars here

2:12.4

could mean raising prices for consumers.

...

Transcript will be available on the free plan in 27 days. Upgrade to see the full transcript now.

Disclaimer: The podcast and artwork embedded on this page are from NPR, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of NPR and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.