This is why Jim Farley said tariffs could blow a hole" in the U.S. auto industry, he said. “You cannot absorb those costs and stay in business making the same products.”Start the day smarter. Get all the news you need in your inbox each morning.

President Trump has shaken the automotive sector with threats of controversial new trade tariffs, which have not gone away.

President Trump hasn't implemented most of the tariffs he's announced, but the uncertainty over when — or even if — he'll do so is already hurting the auto industry. Why it matters: It's a tumultuous time for automakers,

In a move that could shake up the global automotive sector, US President Donald Trump has threatened to place a tariff of around 25 per cent on cars imported into the United States.