Ford is warning its dealers that tariffs will likely raise prices in the coming months, the latest impact the import taxes will have on Americans’ finances.

Ford Motor may raise prices of its new vehicles in May if U.S. President Donald Trump's auto tariffs are not eased, Automotive News reported on Wednesday, citing a memo to dealers. Both U.S. and foreign automakers have rushed to alleviate consumer concerns about tariffs inflating costs at dealerships by offering price assurances and substantial discounts.

Ford Motor may raise prices on its new vehicles if President Trump’s auto tariffs continue, according to a memo sent to dealers on Wednesday that was reviewed by Reuters. The Dearborn, Michigan, automaker offered deep discounts across its lineup starting earlier this month through June 2.

Holding goods in these special facilities doesn’t allow anyone to evade a tariff, but it does act as a strong hedge against fluctuating tariff rates.

President Donald Trump announced that Japanese officials would be coming to the United States to negotiate tariffs and "trade fairness" on Wednesday.

California on Wednesday filed a lawsuit seeking to block U.S. President Donald Trump's sweeping tariffs on foreign trading partners, accusing him of abusing his powers and inflicting financial harm on the state and nation.

California is filing a lawsuit to challenge President Donald Trump's tariffs, Democratic Gov. Gavin Newsom announced.

Trump's claim of $2 billion daily tariff revenue is contradicted by US Customs and Treasury data, which show much lower amounts collected.

U.S. President Donald Trump on Tuesday ordered a probe into potential new tariffs on all U.S. critical minerals imports, a major escalation in his dispute with global trade partners and an attempt to push back on industry leader China.

The administration is implementing major shifts in economic policy, and trade is now at the center of it,” Powell said. “These changes are likely to push us further away from our goals.” He explained that the tariffs announced by Trump turned out to be significantly higher than expected — and the economic fallout will likely be just as steep,

Smartphones, shoes, toys, and cookware are just a few of the Chinese-made goods that could soon cost more as the Trump administration ramps up its trade war with China. A new Washington Post analysis highlights the impact of rising tariffs on consumer products widely used across the United States.