Ford says Trump's new tariffs could hurt US companies' ability to compete (GM, F, TSLA)

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• Trump's tariff's on steel and aluminum could raise the prices of vehicles that his voters like to buy.
• Ford pickups, which use a lot of aluminum in their construction, could cost more.
• However, the auto industry might take the tariffs in stride and eat the higher commodity costs.

On Thursday, the Trump administration announced a tariff on imported steel and aluminum, signaling a willingness to start a trade war so that that the President could keep a campaign promise.

The response from US steel- and aluminum makers was swift and positive, although it's worth noting that the aluminum industry in the country has been in steady retreat since 1980. See the rest of the story at Business Insider

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SEE ALSO: We drove a $63,000 Ford Raptor and a $58,000 Chevy Silverado Z71 to see which pickup truck we liked better — here's the verdict

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