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US tariffs: how Trump’s tax is hitting Big Tech and beyond

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Umar Shakir
Ford will raise prices on vehicles built in Mexico.

Beginning May 2nd, prices on vehicles such as the Mustang Mach-E EV could jump as much as $2,000, which Ford says will arrive in US dealer lots by late June. The news comes after Ford declared the Trump administration’s tariffs are adding about $2.5 billion of costs for the company in 2025.

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