Ford Motor Chief Executive Jim Farley expects President Trump’s tariffs on foreign vehicles and automotive parts to be in place “at least for the next three years.” Farley suggested some of Ford’s most affordable U.

Jim Farley, CEO of Ford Motor Company, says he expects tariffs to stay in place for at least three years. The company also said that it expects to lose billions in this war. However, it has maintained a positive stance and keeps taking risks, like maintaining the price for its vehicles if not going lower.