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Ford CEO says metals tariffs cost company $1 billion

Updated : September 26, 2018 08:57 PM IST

Ford had previously said that despite buying the vast majority of steel and aluminum for US production domestically, the tariffs could result in higher domestic commodity prices.
The United States in March said it would impose a 25 percent tariff on imported steel and a 10 percent tariff on imported aluminum.
Ford CEO says metals tariffs cost company $1 billion

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