Ford says Trump tariffs make U.S. steel costliest in the world

FORD MOTOR CO. contends that the steel tariffs instituted by President Donald Trump have made domestic steel the costliest in the world and have cut into the auto manufacturer's profits. / BLOOMBERG NEWS FILE PHOTO
FORD MOTOR CO. contends that the steel tariffs instituted by President Donald Trump have made domestic steel the costliest in the world and have cut into the auto manufacturer's profits. / BLOOMBERG NEWS FILE PHOTO
NEW YORK – Ford Motor Co. is escalating its criticism of the Trump administration’s metals tariffs that the company has already said took a $1 billion bite out of profit. “U.S. steel costs are more than anywhere else in the world,” Joe Hinrichs, Ford’s president of global operations, said Monday at an event marking the…

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